We study the resolution of financial distress in shipping, where the ex-territorial nature of assets has distanced the industry from on-s

A new wave of financial regulation following the global financial crisis aims to curtail proprietary trading by systemically important fi

Global Corporate Governance Colloqium

INTERNATIONAL ACADEMICS FROM TOP UNIVERSITIES MEET IN TOKYO TO DEBATE CORPORATE GOVERNANCE RESEARCH

Economic models routinely assume firms maximize shareholder value; but common law legal systems only require that officers and directors

Proxy reforms shifting more power to shareholders can mitigate managerial agency problems but also empowers “special interest” activists.

We study investor activism promoting environmental, social and governance (ESG) improvements by means of a proprietary dataset covering 6

This working paper sketches the history of EU Company Law from its beginnings in the 1960s until the present today.

Bond workouts are a famously dysfunctional method of debt restructuring, ridden with opportunistic and coercive behavior by bondholders a

A half century ago, corporate legal theory pursued an institutional vision in which corporations and the law that creates them protect pe

There is considerable concern about the conflict of interest between the CEO and the shareholders when a firm is a target for an acquisit