We present a mechanism based on managerial incentives through which common ownership affects product market outcomes. Firm-level variation in common...
Proxy advisors, private firms that help institutional investors decide how to vote their
shares, play an extremely powerful role in shaping corporate...
We study how political factors can shape competition in the mobile telecommunication sector. We show that the way a government designs the rules of the...
We rationalize why leverage in buyouts differs from corporate leverage at large by merging two strands of buyout theory that focus on problems of public...
In 2014, the Italian Government broke an old taboo of Italian corporate law, joining the ranks of many different legal systems that allow the issuance of...