Recommendations on Corporate Governance
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Corporate Purpose: A Management Concept and its Implications for Company Law
Many companies have recently been following the so-called corporate purpose concept that is recommended by leading management scholars. To this end,...
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Related Party Transactions in France - A Critical Assessment
In France, the regulation of related party transactions (RPTs) involves three steps following the notification to the board of an RPT. First, the board...
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Loyalty Shares with Tenure Voting - Does the Default Rule Matter? Evidence from the Loi Florange Experiment
The contractual theory of the firm predicts that companies adopt charters that maximise firm value, regardless of the default rule. We test this...
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