This paper surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems in Europe. One share-one vote encourages the selection of an efficient management team. Families are the...

This chapter summarizes recent research on the role of law, culture and corruption on venture capital (VC) fund structure, governance and performance. Evidence from studies that involve a multitude of countries is primarily considered. The evidence across most studies is broadly consistent with...

What determines equilibrium securitization levels, and should they be regulated? To address these questions we develop a model where originators can exert unobservable effort to increase asset quality, subsequently having private information regarding quality when selling ABS to rational...

What determines securitization levels, and should they be regulated? To address these questions we develop a model where originators can exert unobservable effort to increase expected asset quality, subsequently having private information regarding quality when selling ABS to rational investors....

Dix économistes français démontrent que la puissance économique américaine, basée sur sa supériorité technologique, une recherche de qualité, une réactivité et un optimisme sans faille n'est pourtant pas à l'abri de ses paradoxes. Son endettement, son déficit, ses scandales...

Pour les tenants du New Age, les prouesses macro-économiques auxquelles les Etats-Unis nous habituent ne sont pas le produit d'une politique habile, encore moins celui d'un hasard heureux : ils sont la preuve d'une profonde transformation industrielle et institutionnelle. Une double...