In consequence of the three ECJ cases in Centros (1999), Überseering (2002), and Inspire Art (2003), EU member states can no longer effectively apply...
In an earlier companion essay, Regulating in the Dark, I contended that there is a systemic pattern in major U.S. financial regulation: (i) enactment is...
This paper clarifies why optimal corporate governance generally excludes monetary liability for breach of directors? and managers? fiduciary duty of...
A stylized fact that lurks in the background of the recent literature on common ownership is the parallel increase in the profitability of oligopolistic...
We construct measures of firms' beliefs about climate regulation, plans for future abatement, and current emissions mitigation from responses to the...