When firms compete in the managerial labor market, the choice of corporate governance by a firm affects, and is affected by, the choice of governance by...
This paper examines the economic effects of changes in securities regulation. We analyze two key directives in the European Union (EU) that tightened...
We consider a model in which the threat of bank liquidations by creditors as well as equity-based compensation incentives both discipline bankers, but...
The regulation of related party transactions (RPTs) is today the single most important yardstick for the quality of corporate governance systems. It is...
This article deals with the self-insider, i.e. the possible creation of the inside information by a person and its (abusive) exploitation. It describes...
In this essay, we propose a principled approach for government bailouts of critical/systemic firms who find themselves in COVID-19-induced financial...
We contribute to the debate about the future of capital markets and corporate finance, which has ensued against the background of a significant boom in...