Commonsense Principles of Corporate Governance
Related Working Papers in News and Codes
Featured Working Paper
OOPs! The Inherent Ambiguity of Out-of-Pocket Damages in Securities Fraud Class Actions
Most securities fraud class actions under SEC Rule 10b-5 involve revelation of negative information about the defendant company that should have been disclosed earlier – bad news that (allegedly) has been covered up by company agents. The...Read more
The Law and Practice of Shareholder Inspection Rights: A Comparative Analysis of China and the U.S.
Shareholder inspection rights allow a shareholder to access the relevant documents of the company in which they hold an interest, so as to address the problem of information asymmetry and reduce the agency costs inherent in the corporate...Read more
Abuse of Companies Through Choice of Incorporation?
This paper explores the concept of abuse of law in the context of the choice of the state or country of incorporation: Can the choice of a particular jurisdiction constitute “abuse”? The case law of the Court of Justice of the European Union (...Read more
Does Revlon Matter? An Empirical and Theoretical Study
We empirically examine whether and how the doctrine of enhanced judicial scrutiny that emerged
from Revlon and its progeny actually affects M&A transactions. Combining hand-coding and
machine learning techniques, we...Read more
Disclosure of Inside Information
The disclosure of inside information is a core component of EU capital market regulation. It underpins the market abuse regime, providing information to investors, and robbing it of its “inside” quality. Different regimes tackle the issue of...Read more