The face value of debt should depend on other signals
Shareholder stewardship may be used as a ‘smoke screen’ by controlling shareholders and governments
Establishing a board risk committee does not reduce a bank’s risk on average
The face value of debt should depend on other signals
Shareholder stewardship may be used as a ‘smoke screen’ by controlling shareholders and governments
Establishing a board risk committee does not reduce a bank’s risk on average
The face value of debt should depend on other signals
Shareholder stewardship may be used as a ‘smoke screen’ by controlling shareholders and governments
Establishing a board risk committee does not reduce a bank’s risk on average
EU securities regulation has established a taxonomy of environmentally sustainable activities. This article discusses, from a law...
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Chinese state capitalism is transitioning toward a panoptic, technology-assisted variant that we call “surveillance state capitalism.” The...
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We examine whether mandatory adoption of say-on-pay increases executives’ incentives to engage in insider trading to offset the...
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We show that corporate governance practices vary predictably across different types of blockholders. Nonfinancial blockholders are six times as...
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We show that firms reduce emissions at their local plants following EPA enforcement actions against nearby plants of peer firms operating in the same...
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Corporations pay out large settlements to their shareholders and other plaintiffs as compensation for corporate governance failures. Hired to...
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We study a cross-section of stock price reactions to the Black Lives Matter (BLM) protests that followed the killing of George Floyd on May 25, 2020. We...
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We propose a strategic theory of Corporate Social Responsibility (CSR). Shareholder maximizers commit to a mission statement that extends beyond firm...
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This paper studies the growing presence of private equity (PE) acquirers in the hospital industry. We examine employment, operational efficiency and...
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This paper was written for a Festschrift in honour of Rolf Skog. Concepts of corporate purpose which have risen to the fore recently emphasize a point...
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Singapore’s formal corporate law and governance rules normally meet or exceed global standards – which explains why it regularly tops prominent...
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Prof. Oliver Hart
Nobel Laureate, ECGI Fellow, and Lewis P. and Linda L. Geyser University Professor at Department of Economics, Harvard University
The 2020 Wallenberg Lecture, delivered by Nobel Laureate and ECGI Fellow, Prof. Oliver Hart, Lewis P. and Linda L. Geyser University Professor at Department of Economics, Harvard University. The title of the lecture was: “The Relative Effectiveness of......
