institutions and industrial groups increase their shareholdings. Additionally, controlling shareholders appear reluctant to …

This Paper studies the impact of EMU on portfolio diversification opportunities. We find a significant increase in the … definitions of the pre-convergence and convergence periods. Diversification opportunities within the Euro-area have thus been … that international diversification does not pay: the cost of the home bias within Euroland has been lowered (in some cases …

as the risk sharing in the US takes place though market channels, they are much better. The Paper addresses the theory … risks through portfolio diversification. But there already seems to be little to distinguish the euro area from the US …

Diversification opportunities in Euroland appear to have improved significantly since the advent of the euro, thus …

viewed as detrimental to shareholders. We also find that there is commonly a big difference between a state's ability to …

the shareholders of existing companies would not be served by adopting those default arrangements that public officials … between two or more default arrangements and face significant uncertainty as to which one would best serve shareholders, they …

instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself …