The Mergers & Acquisitions Research Centre at Cass Business School will host the Fourth Annual M&A Research Centre Conference on Monday 19 August 2019 at Cass Business School, London.
This conference at King’s College London will bring together standard setters to share experiences and good practices, enhance dialogue, guide scholarship, and shape future stewardship policy through evidence-based recommendations.
The conference remembers our late colleague Professor Brigitte Haar who passed away much too early this spring. Brigitte was Professor of Private German, European, and International Business Law at the Goethe University Frankfurt and an ECGI Research Member.
The 2019 ECGI Annual Members' Meeting will take place at IESE Business School, Barcelona on 24 October 2019.
Till Wansleben is an Associate at Hengeler Mueller, Germany, advising on Corporate Law and M&A Matters. Prior thereto he was a Research Fellow at the Max Planck Institute for Comparative and International Private Law in Hamburg focusing on company law, corporate governance and securities regulation. He completed his studies in law at Goethe-University Frankfurt am Main with specialization in "Law and Finance".
Ever since the global financial crisis in 2008, credit ratings have been subject to increased scrutiny. The main concern with ratings is related to the role overly optimistic ratings played in facilitating the sale of structured securities such as mortgage-backed securities (see, e.g., Benmelech...
Corporate ownership around the world rests largely in the hands of institutional intermediaries. Even in U.S., once a bastion of retail investors, individuals now routinely invest through mutual funds, especially index funds. As a result, mutual funds own about one-third of the total U.S....
Our paper provides novel evidence suggesting that a central pillar of the U.S. litigation and corporate governance system, securities class action lawsuits, acts as an implicit “tax” on valuable innovation. We propose a new perspective on this link between innovation and litigation, which we...
Stock market investors are becoming increasingly vocal about the diversity of corporate leadership teams, following a global trend to engage with diversity issues at all levels of society.
The interest by practitioners in the diversity of corporate leadership teams accords well with a...
This paper studies how managers react to shareholder empowerment vis-à-vis governance provisions. We show that a staggered legislative change that increases noncompliance costs in the implementation of shareholder-initiated majority voting...Read more
This study provides an economic analysis of the determinants and consequences of corporate social responsibility (CSR) and sustainability reporting. To frame our analysis, we consider a widespread mandatory adoption of CSR reporting standards in...Read more
Shareholder activism by hedge funds has taken hold in Germany in spite of large ownership concentration. This essay uses the example of Stada Arzneimittel AG to highlight features of activism, German style. It goes on to discuss the legal issues...Read more
Index funds and indexed ETFs managed by the “Big Three” – BlackRock, Vanguard and State Street – have grown to be the largest investors in the capital markets and have become the presumptive “deciders” of corporate law controversies. With this...Read more
This article is the first in a four-part summary of the conference which seeks to highlight some of the interesting new work and research...Read more
This article is the second in a four-part summary of the conference which seeks to highlight some of the interesting new work and research...Read more
This article is the third in a four-part summary of the conference which seeks to highlight some of the interesting new work and research...Read more
This article is the fourth in a four-part summary of the conference which seeks to highlight some of the interesting new work and research...Read more
Prof. Dan W. Puchniak presents his paper on "Related Party Transactions in Commonwealth Asia: Complicating the Comparative Paradigm" at the 2019 Global Corporate Governance Colloquia (GCGC) at Goethe University Frankfurt, Germany. Discussion of the paper is then presented by Prof. Michael Klausner.
Prof. Vicente Cuñat presents his paper on "Active Owners and Firm Policies" at the 2019 Global Corporate Governance Colloquia (GCGC) at Goethe University Frankfurt, Germany. Discussion of the paper is then presented by Prof. Oğuzhan Karakaş.
Prof. Jennifer Hill presents her paper on "Corporate Culture and Liability" at the 2019 Global Corporate Governance Colloquia (GCGC) at Goethe University Frankfurt, Germany. Discussion of the paper is then presented by Prof. Edward Rock
Prof. Enrichetta Ravina presents her paper on "Investor Ideology" at the 2019 Global Corporate Governance Colloquia (GCGC) at Goethe University Frankfurt, Germany. Discussion of the paper is then presented by Prof. Holger Spamann.
