We address a puzzle whereby lending marketplaces, aimed at directly connecting retail lenders and borrowers, retreat from auctions and take on the role...
Initial coin offerings (ICOs) are a significant innovation in entrepreneurial finance. The sale of a blockchain-based digital token associated with a...
The CARES Act was passed under intense pressure and with minimal transparency. The consequence of this opaque process is that there are some...Read more
In public equity markets around the world, corporations pursue distinctly different approaches to funding investment opportunities with external...Read more
We recently estimated the US bankruptcy system’s ability to absorb an anticipated surge of financial distress among American consumers, businesses...Read more
What is the (opportunity) cost of private benefits of control? In our study “Private Benefits and Corporate Investment and Financing Decisions:...Read more
When it comes to responding to the coronavirus outbreak in the U.S., the Federal Reserve has emerged as one of the most active institutions at the...Read more
The so-called “FinTech revolution” is beginning to have a significant impact on the way new companies are financed. The UK is widely acknowledged...Read more
Mark Roe and John Coates spoke with Harvard Law Today (HLT) about what could be done to lower the chances of a bankruptcy backlog and how other...Read more