Minority Shareholders

Groups of Companies - A Comparative Study on the Economics, Law and Regulation of Corporate Groups

The phenomenon of groups of companies is very common in modern corporate reality. The empirical data on groups of companies are heterogeneous because...

Modernizing Italy's Corporate Governance Institutions: Mission Accomplished?

Alibaba: A Case Study of Synthetic Control

Alibaba, the NYSE-traded Chinese ecommerce giant, is currently valued at over $700 billion. But Alibaba’s governance is opaque, obscuring who...

What Matters and for Which Firms for Corporate Governance in Emerging Markets? Evidence from Brazil (and Other BRIK Countries)

A central issue in corporate governance research is the extent to which “good” governance practices are universal (one size mostly fits all) or...

Minority Shareholder Expropriation and Asymmetric Information Flows in a Global Registered Share: The Saga of DaimlerChrysler

Minority Blocks and Takeover Premia

This paper analyses takeovers of companies owned by atomistic shareholders and by one minority blockholder, all of whom can only decide to tender or...

The Undermining of UK Corporate Governance (?)

Over the past dozen years numerous overseas based businesses with dominant shareholders have become quoted on the London Stock Exchange, prominent...

Freeze-Outs: Transcontinental Analysis and Reform Proposals

Corporate Governance, Corporate and Employment Law, and the Costs of Expropriation

Rights Offers and Delaware Law

Under Delaware law, a securities issuance in which all existing investors may participate pro rata (a “rights offer”) is often seen as treating...

The Corporate Governance of Privately Controlled Brazilian Firms

We provide an overview of the corporate governance practices of Brazilian public companies, based primarily on an extensive 2005 survey of 116...

Protecting Minority Shareholders: Listed versus Unlisted Firms