Markets
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Disclosure Regulation and Corporate Acquisitions
While disclosure regulation is often viewed as critical in promoting capital formation and the well-functioning of capital markets, tight
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Rumours of the Death of the American Public Company are Greatly Exaggerated
For at least a century, the publicly traded firm has dominated America’s corporate economy. Might this era be coming to an end?&nbs
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Asking the Right Question: The Statutory Right of Appraisal and Efficient Markets
In appraisal cases, shareholders have the right to have a judge determine the “fair value” of their shares. These cases bring econo
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Investing in Managerial Honesty
Two laboratory experiments show that investors perceive a CEO to be more committed to honesty when the CEO resisted, at a personal cost,
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