Why are the levels of control (so) different in German and UK companies? Evidence from initial public offerings
Related Working Paper
Featured Working Papers
The Global Diffusion of Stewardship Codes
In today’s world, the transfer of laws and regulations between different legal systems is commonplace. The global spread of stewardship codes in recent years presents a promising, but yet untested, terrain to explore the diffusion of such norms....Read more
Private Equity Buyouts and Employee Health
We examine the role of employee health in Private Equity buyouts using employee-level data on employment, wages, medical prescriptions, and health expenditures. We conduct matched-sample difference-in-differences estimations including more than...Read more
Some Reflections on the Self-insider and the Market Abuse Regulation – The Self-insider as a Monopoly-Square Insider
This article deals with the self-insider, i.e. the possible creation of the inside information by a person and its (abusive) exploitation. It describes the situation in Italy and Germany and then provides a taxonomy of the several cases of...Read more
Director Liability Protection and the Quality of Outside Directors
We investigate how state Universal Demand statutes (UD) affect recruitment and retention of outside directors. UDs require plaintiffs to obtain board support before a derivative suit can commence. This requirement significantly increases the...Read more