We study a model in which firms compete preemptively for trading opportunities and risk management introduces latency in trading. As the time pressure...
On September 15, 2008, Lehman Brothers Inc. announced their filing for bankruptcy. This announcement did take markets by surprise causing widespread...
Recent regulatory reforms in advanced economies have empowered shareholders by letting them vote on executive compensation, corporate transactions...Read more
Shareholder voting has become one of the main avenues through which shareholders participate in corporate governance, and it is frequently the...Read more
The episode was introduced by the Editor of the ECGI Law Working Paper Series, Prof. Amir Licht and Miriam Schwartz-Ziv, from the ECGI Spotlight Series team. Prof. Professor Nadya Malenko (University of Michigan, Ross School of Business) presented her paper on "Trading and Shareholder Democracy".