In large U.S. corporations, founding families are the only blockholders whose control rights on average exceed their cash flow rights. We analyze how...
This paper empirically examines the Capital Purchase program (CPP) under TARP that was used by the U.S. government to bail out distressed banks with...
It is often assumed that strong securities markets require good legal protection of minority shareholders. This implies both "good" law -- principally...
Both Europe and the United States are rethinking their approach to aggregate litigation. In the United States, class actions have long been organized...
Fiduciary duties are often today held out as typical instruments of shareholder protection in the common law of both the US and the UK, which are sometimes...