In this paper, we examine the relation between innovation and a firm's financial dependence using a sample of privately-held and publicly-traded U.S....
This essay discusses the economic case for regulating shadow banking. Focusing on systemic risk, shadow banking is defined as leveraging on collateral...
We examine the effects of the sudden abolition of trading commissions by major online brokerages in 2019, which lowered stock market entry costs for...
We present insolvency practitioners from 88 countries with an identical case of a hotel about to default on its debt, and ask them to describe in detail how...
Should preferred stock be treated under corporate law as an equity interest in the issuing corporation or under contract law as a senior security? Should...
We find that the number of independent directors on corporate boards increases by approximately 24% following financial covenant violations in credit...