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Federal Corporate Law and the Business of Banking
The only profit-seeking business enterprises chartered by a federal government agency are banks. Yet, there is barely any scholarship justifying this...
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Regulatory Measures to Dismantle Pyramidal Business Groups: Evidence from the United States, Japan, Korea and Israel
Large business enterprises, from the railroad barons of nineteenth century America to Amazon and Google today, are often perceived as important for...
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Unappropriated Dollars: The Fed’s Ad Hoc Lending Facilities and the Rules That Govern Them
In response to the spread of COVID-19, the Federal Reserve has established fourteen ad hoc facilities to lend to financial firms, foreign central banks,...
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For Whom is the Corporation Managed in 2020?: The Debate over Corporate Purpose
A high profile public debate is taking place over one of the oldest questions in corporate law, namely, “For whom is the corporation managed?” In...
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Power and Statistical Significance in Securities Fraud Litigation
Event studies, a half-century-old approach to measuring the effect of events on stock prices, are now ubiquitous in securities fraud litigation. In...
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