The critics of the Sarbanes-Oxley Act (SOX) say that the regulation has made the U.S. less competitive, causing an exodus of companies to less-regulated stock exchanges in London and Hong Kong. The authors of a new paper defy this common wisdom. They find that when firms' characteristics such as size and type are factored in, the listing gap disappears.
"We know that we cannot eradicate poverty with credit" says Sindy Dastile, managing director of South African cooperative Masimbonge, which finances micro-businesses run by women. Instead, Ms.
What a difference a month can make! Only a few weeks ago I was dreaming about the establishment of a decision market for development projects. As if to provide comfort to my employer that I was not hallucinating, Globalgiving have now launched a pilot online decision market "to help identify promising ideas and interventions in the arena of international development."
The $500 billion Islamic finance sector is large enough to attract serious attention from the UK government, which recently made changes to its tax law to enable Muslims who object to the payment or receipt of interest to access Islamic personal financial services such as mortgages and savings accounts.
Out of 50 billion plastic water bottles used in the U.S. last year, only 23 percent were recycled. The rest - 38 billion – ended up in landfills.