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In the wake of the financial crisis, shareholders are increasingly relied upon to monitor directors. But while much has been written about directors' flawed judgments, remarkably little is known about shareholders' ability to make accurate judgments. What determines whether shareholders make the...
Persistent link: https://www.econbiz.de/10010614650
finance. In keeping with the policy debate, this paper focuses explicitly on the role of law and lawyers in facilitating … seeks to clarify the links between law and legal institutions and the facilitation of venture capital finance, identifies …
Persistent link: https://www.econbiz.de/10005687984
The emergence of an international regime of soft law principles and rules to prohibit money laundering by financial …
Persistent link: https://www.econbiz.de/10005813041
perverse outcomes, and that in any event the majority of the contents of codes become akin to hard law, where deviation is not …
Persistent link: https://www.econbiz.de/10010858394
Legal origins theory suggests that law reform, strengthening shareholder and creditor rights, should enhance financial … the common law world and in developing countries, but not in the civil law world. We also find evidence of reverse … selective impact of law reform, focusing on the endogeneity of the legal system to its economic context, and on resulting …
Persistent link: https://www.econbiz.de/10010548032
. This gives rise to the possibility of coevolution of law and the economy. It will be argued that systems theory, by … developing the idea of law as an adaptive system with cognitive properties, provides a missing link in the evolutionary theory of …
Persistent link: https://www.econbiz.de/10010548034
essential ingredient of either company law reform or financial and economic development. The absence of such a market in …
Persistent link: https://www.econbiz.de/10005812989
The statutory protection currently provided by UK law to employees during transfers of undertakings and other … factored into the bargaining process so as to enhance the survival chances of enterprises undergoing restructing. the law … conditions are met, employment law performs an economically-valuable role in expressing the interests of employee-stakeholders in …
Persistent link: https://www.econbiz.de/10005813006
wider legal system, triggering certain changes in the body of core company law, and assisting the process of adjustment to …
Persistent link: https://www.econbiz.de/10005813008
This paper tests the accuracy of Roe's (2003) claim that 'social democracies' tend to have insider-orientated corporate governance systems, for two extreme cases concerning Roe's independent variable: Switzerland and Sweden. Starting from a position in which both were clearly insider-orientated...
Persistent link: https://www.econbiz.de/10005813009