This paper examines the economic effects of changes in securities regulation. We analyze two key directives in the European Union (EU) that tightened...
We use equity crowdfunding data to ask how fundraising amounts can be explained by what entrepreneurs ask for, versus what investors want to invest. The...
We develop a model in which brown (high-emission) and green (clean-energy) firms compete and seek financing from banks and the capital market. We use...
Family firms are a widespread control structure in most countries, especially among smaller firms. A vast literature addresses the question of whether...
The EU Takeover Bids Directive was passed twenty years ago with the main objective of promoting a single European takeover market. The primary mechanism...