The ?Ignored? Third Dimension of Corporate Governance
The separation of ownership and control has always been central in corporate governance debates. A large body of literature has sought to show that...
Read moreWorking Paper
The End of the Corporation
We are witnessing a quiet but quick transformation of corporate governance. The rise of digital technologies and social media are forcing companies to...
Read more
Are Foreign Investors Locusts? The Long-Term Effects of Foreign Institutional Ownership
This paper challenges the view that foreign investors lead firms to adopt a short-term orientation and forgo long-term investment. Using a...
Read more
Tech, Regulatory Arbitrage, and Limits
Regulatory arbitrage refers to structuring activity to take advantage of gaps or differences in regulations or laws. Examples include Facebook...
Read more
Fintech and the Financing of Entrepreneurs: From Crowdfunding to Marketplace Lending
For the last decade economists have been preoccupied with the decline in bank financing to small businesses and entrepreneurs. This effort has...
Read more
Viewing Artificial Persons in the AI Age Through the Lens of History
With talk of driverless companies and bots substituting for human beings on company boards either in part or completely, the spectre of a future...
Read more
Bringing the AGM to the 21st Century: Blockchain and Smart Contracting Tech for Shareholder Involvement
The AGM is often considered to play an important role in direct shareholder monitoring of directors and corporate blockholders. However, its practical...
Read more
Do General Managerial Skills Spur Innovation?
We show that firms with chief executive officers (CEOs) who gain general managerial skills over their lifetime work experience produce more patents. We...
Read more
Creative Corporate Culture and Innovation
We define creative companies by means of the Competing Value Framework, and we identify them by means of textual analysis. We show that a creative...
Read more