We study whether the individual decision to become an entrepreneur, entrepreneurial profits and investment are affected by the decisions of other individuals belonging to the same social group. To overcome identification problems,...
Securities fraud class actions are a key feature of the US regime of corporate governance. Firms from all around the world that cross-list on US...Read more
Despite the increasing importance of shareholder voting, regulators have paid little attention to the rights of retail investors who own...Read more
This Article analyzes market reaction to the introduction into Italian legislation of a statutory system of (IPO) prospectus civil liability...Read more
Since 1914, bankers have been sitting on the boards of Federal Reserve Banks. Whether this arrangement serves private or public interests is a...Read more
Activist hedge funds can wield significant influence over target firms despite holding relatively small equity stakes by garnering the support of...Read more