We study the impact of board gender quotas on firms’ hiring and retention practices. We find that female director retention rates increase following the introduction of a quota in France in 2011, with stronger effects observed among less gender-...Read more
EU policymakers are currently implementing the capital markets union (CMU) agenda—a collection of individual steps that, taken together, should strengthen cross-border market integration in EU capital markets. However, the imminent departure of...Read more
This paper examines the effect of disclosure regulation on the takeover market. We study the implementation of a recent European regulation that imposes tighter disclosure requirements regarding the financial and ownership information on public...Read more
We address a puzzle whereby lending marketplaces, aimed at directly connecting retail lenders and borrowers, retreat from auctions and take on the role of price setting and credit allocation, despite evidence that retail investors possess...Read more
Research in law, political science and economics has taken a strong interest in the way companies strategically incorporate in foreign...Read more
Two laboratory experiments show that investors perceive a CEO to be more committed to honesty when the CEO resisted, at a personal cost, engaging...Read more
The European Capital Markets Union is an ambitious project with a well-established economic rationale. Less well explored is the political side of...Read more
While disclosure regulation is often viewed as critical in promoting capital formation and the well-functioning of capital markets, tightening...Read more
Prof. Curtis Milhaupt (Columbia Law School) presents his paper on "Bonded to the State: A Network Perspective on China’s Corporate Debt Market" at the 2016 GCGC Conference in Stockholm. Discussion of the paper is then presented by Prof. Li Jin (Guanghua School of Management Peking University).