Contracts

Working Paper

07 May 2020

Contracts with (Social) Benefits: The Implementation of Impact Investing

We draw on new data and theory to examine how private market contracts adapt to serve multiple goals, particularly the social-benefit goals that impact funds add to their financial goals. Counter to the intuition from multitasking...

Christopher Geczy | Jessica Jeffers | David Musto | Anne M. Tucker
01 May 2017

The Privatization of Bankruptcy: Evidence from Financial Distress in the Shipping Industry

A generally accepted view is that sophisticated bankruptcy procedures are required to mitigate coordination failures and fire sale discounts arising from financial distress. In this paper, we study an industry not subject to...

Julian Franks | Gunjan Seth | Oren Sussman | Vikrant Vig
27 August 2019

Startups and Company Law: The Competitive Pressure of Delaware on Italy (and Europe?)

US corporate law and, in particular, Delaware law, which leaves ample room to freedom of contract, has been one of the reasons for the successful creation and financing of startups in Silicon Valley. We analyze the Italian attempt to...

Paolo Giudici | Peter Agstner

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