IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6463-052-7_121.html

Research on the Effectiveness of Regulatory Systems in the Wake of the Financial Risis: Case of Goldman Sachs

In: Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

Author

Listed:
  • Jiangtian Shi

    (University of Sheffield, Sheffield University Management School)

Abstract

In 2008, a global financial crisis broke out, leading to many companies’ collapse and the market’s disruption. The crisis began with subprime credit, and, due to the US government’s regulatory problems, the housing bubble grew until the day it exploded. The market regulatory system did not regulate financial products sufficiently and did not have strong controls on leverage. In the financial crisis, many companies had high leverage ratios, which allowed them to reap enormous profits for a short period. After the financial crisis, excessive leverage triggered a domino effect. Many companies could not take on too much risk, and collapse became inevitable, such Lehman Brothers. When the regulatory system was introduced, the question of whether it was effective became a matter of consideration. This paper uses the comparative analysis method to analyse the financial situation of Goldman Sachs, which covers the period 2005 to 2011. The financial analysis’s primary focus is revenue, leverage and share price. The analysis of the financial situation of Goldman Sachs shows that the post-financial crisis regulatory system was effective.

Suggested Citation

  • Jiangtian Shi, 2022. "Research on the Effectiveness of Regulatory Systems in the Wake of the Financial Risis: Case of Goldman Sachs," Advances in Economics, Business and Management Research, in: Faruk Balli & Au Yong Hui Nee & Sikandar Ali Qalati (ed.), Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), pages 1080-1086, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-052-7_121
    DOI: 10.2991/978-94-6463-052-7_121
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advbcp:978-94-6463-052-7_121. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.