Publication series Amsterdam Center for Corporate Finance

Perspectives on Leveraged Finance and Fintech

Volume: 28 Topics in Corporate Finance

Author(s): R. de Weijs, A. Jonkers & A. Boot et al.

Year: 2020

ISBN: 978-90-77859-71-1

Price: € 20.00

This ACCF Topics in Corporate Finance is dedicated to two key public policy issues in finance: one focuses on how to contain highly leveraged financial structures in the economy, the other on the fintech revolution in financial services, and the challenges for banks and policymakers that it may entail. The first contribution by Rolef de Weijs (Professor of Insolvency Law at the University of Amsterdam) and Aart Jonkers (Assistant Professor at the University of Amsterdam Law School) focuses on how to contain financial leverage in Leveraged Buy Outs (LBOs), but also in firms in general. Their basic premise is that limitations on borrowing are needed not only to prevent excessive leverage with its associated (societal) costs, but also to prevent wealth transfers from uncompensated debtors to shareholders. And all this should not stand in the way of legitimate borrowing to finance investment and the operations of the firm. They discuss several approaches in detail, and come to a very interesting discussion when comparing them.

The second contribution, by ECB economists, Peter Hoffmann, Luc Laeven and Lev Ratnovski, together with Arnoud Boot, discusses technological changes and innovations in the financial sector – the emergence of fintech and bigtech (Google, etc.) – and the consequences of that for banks and the challenges that it poses for policymakers. They discuss limitations to these challenges, and the resulting policy implications.

Publications Topics in Corporate Finance

Volume	Year	Author	Title	Price
29	2021	A.J. Menkveld, G. Vuillemey, M.P. Schinkel, T. Klein and others	Perspectives on Central Clearing and Competition Policy	€ 20.00
28	2020	R. de Weijs, A. Jonkers & A. Boot et al.	Perspectives on Leveraged Finance and Fintech	€ 20.00
27	2019	Dirk Schoenmaker, Rens van Tilburg, Elisa Achterberg and Max van Son	Sustainable Finance and Government Policy	€ 20.00
26	2018	Arnoud W.A. Boot, Jeroen E. Ligterink and Jens K. Martin	Understanding Fintech and Private Equity	€ 20.00
25	2017	Jeroen E. Ligterink en Jens K. Martin	Private equity: waardecreatie, herverdeling en excessen	€ 20.00
24	2015	Tanju Yorulmazer	Understanding the Crisis: Bank Funding Structures as Source of Instability	€ 20.00
23	2014	Anat R. Admati	Towards a Better Understanding of the Capitalization of Banks	€ 20.00
22	2013	Arnoud W.A. Boot	Transactiemaatschappij en financiële markten: op zoek naar een nieuwe balans	€ 20.00
21	2012	Lans Bovenberg	Macro-oplossingen gezocht: naar integrale oplossingen voor de onevenwichtigheden in wonen, pensioen, ouderenzorg en het bancaire landschap	€ 20.00
20	2011	Paul De Grauwe and Arnoud W.A. Boot	Towards a Fundamental Resolution of the Eurocrisis	€ 20.00
19	2010	David T. Llewellyn	The Global Banking Crisis and the Post-Crisis Banking and Regulatory Scenario	€ 20.00
18	2010	Ludovic Phalippou	Regulating Private Equity	€ 20.00
17	2009	Frank Partnoy, Arnoud W.A. Boot and Anjan V. Thakor	Towards a Fundamental Understanding of Financial Sector Developments	€ 20.00
16	2008	Arnoud W. A. Boot	Corporate finance theorie en financiële crisis in breder perspectief	€ 20.00
15	2007	Arnoud W.A. Boot, meerdere auteurs	Private equity en aandeelhoudersactivisme	€ 20.00
14	2007	X. Vives and V. Strauss-Kahn	Headquarters and innovation: does location matter?	€ 20.00
13	2006	L. Bouchez, M. Knubben, J.A. McCahery and L. Timmerman (eds)	The Quality of Corporate Law and the Role of Corporate Law	€ 20.00
12	2005	J. McCahery and E. Vermeulen	Understanding (Un)incorporated Business Forms	€ 20.00
11	2005	D. Cumming, G. Fleming and A. Schwienbacher	Recent research on the investment behavior of private equity fund managers	€ 20.00
10	2005	M.J.G.C. Raaijmakers, G. van Solinge en P. Frentrop	Corporate governance: een agenda voor de toekomst	€ 20.00
9	2004	Amar Bhidé	Entrepreneurship and Venture Capital	€ 20.00
8	2004	V. Maksimovic, D. Brounen, A. de Jong and K. Koedijk	Perspectives on the Theory and Practice of Corporate Finance	€ 20.00
7	2003	J.J.A. Leenaars	Securitisatie: Economics en Europees Perspectief	€ 20.00
6	2003	U. Bhattacharya	Global Corporate Governance and Accounting Transparency	€ 20.00
5	2002	A. Saunders and A. Schmeits	The Role of Bank Funding for the Corporate Sector: the Netherlands in an International Perspective	€ 20.00
4	2001	Todd T. Milbourn	Management Compensation in the Netherlands: Theory, Evidence, and Best Practice	€ 12.50
3	2000	A.W.A. Boot and J.E. Ligterink	De Efficiëntie van de Nederlandse Faillissements	€ 15.00
2	2000	E.I. Altman and A. Saunders, and A.W.A. Boot, T. Milbourn, and S. Dezelan	Perspectives on the Regulation of the Financial Services Industry	€ 12.50
1	1999	I. Walter and A.W.A. Boot	The Future of Banking: Two Essays on the Consolidation in the Financial Sector	€ 15.00