R&D

Working Paper

17 November 2020

The European Commission's Sustainable Corporate Governance Report: A Critique

In July 2020, the European Commission published the “Study on directors’ duties and sustainable corporate governance” by EY. The Report purports to find evidence of debilitating short-termism in EU corporate governance and...

Mark Roe | Holger Spamann | Jesse Fried | Charles Wang
01 December 2018

Putting Technology to Good Use for Society: the Role of Corporate, Competition and Tax Law

Innovation and its main output, technology, are changing the way we work, socialise, vote, and live. New technologies have improved our lives and made firms more productive, overall raising living standards across the world. Thanks to...

John Armour | Luca Enriques | Ariel Ezrachi | John Vella
06 November 2018

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 corporate culture is an important driver of innovation, as measured by the number of...

Franco Fiordelisi | Luc Renneboog | Ornella Ricci | Saverio Stentella Lopes
01 August 2016

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 comprehensive sample of publicly listed firms in 30 countries over the 2001-2010 period, we...

Jan Bena | Miguel Ferreira | Pedro Matos | Pedro Pires

News