The paper undertakes a comparative study of the set of laws affecting corporate governance in the United States and Germany, and an evaluation of their...
Most listed firms are freestanding in the U.S, while listed firms in other countries often belong to business groups: lasting structures in which listed...
Better access to debt markets mitigates the effects of uncertainty on corporate policies. We establish this result using the staggered introduction of...
Hostile takeovers are commonly thought to play a key role in rendering managers accountable to dispersed shareholders in the Anglo-American system of...
In many parts of the world, it is commonplace for wealthy families and successful entrepreneurs to parlay a relatively small financial investment into...
In the European Union insider trading has been regulated much more recently than in the United States, and it can be argued that, at least traditionally,...