The last twenty years or so have seen a sharp decline in public equity. I present a framework that explains the forces that cause the listing propensity of...
This paper argues that the key mechanisms protecting portfolio investors in public corporate securities are indirect. They do not rely on actions by the...
The transition to a sustainable economy currently involves a fundamental transformation of our capital markets. Lawmakers, in an attempt to overcome...
This paper provides evidence on the incidence, characteristics, and performance of activist engagements across countries. We find that the incidence...