Regulating the Financial Markets by Examinations

The Panic of 2008 brings together scholars from a variety of disciplines to examine the causes and consequences of the global credit crisis, the subsequent collapse of the financial markets, and the following recession. The book evaluates the crisis in historical context, explores its various legal, economic, and financial dimensions, and considers various possibilities for reform. The Panic of 2008 is one of the first in-depth efforts to study the crisis as it was in the very earliest stage of resolution, and establishes a foundation for thinking about and evaluating current reform efforts and the likelihood of recurrence.This is a thorough and detailed examination by leading scholars from law, history, finance and economics and as such will be of great interest to the scholarly communities of legal academicians, financial historians, financial economists, and economists. General readers engaged with the ramifications of the financial crisis, including practising lawyers, policymakers, and financial and business professionals, will also find the book invaluable

Growth by acquisition and the performance of large food retailers

The latter 1990s witnessed rapid growth among the largest retail food chain companies, much of it through acquisitions. An explanatory motive is that grocery chains could achieve greater scale economies and operating efficiencies, and increase their bargaining power with packaged food manufacturer-suppliers. This article begins to examine whether the largest retailers are realizing the promised financial rewards associated with this growth trend. We examine the performance of the three largest U.S. food retailers, Albertson's, Inc., The Kroger Company, and Safeway Inc., over 7 fiscal years beginning in calendar year 1993 and ending in fiscal year 1999, a period that covers the recent increase in acquisition activity. Overall, we find only modest evidence that the financial returns to the rapid growth strategies of the three largest food retailers have begun to be realized through fiscal year 1999. [EconLit citations: G390, G340, Q130] © 2002 Wiley Periodicals, Inc.