, especially in societies with highly skewed distribution of ownership. We however argue that the success of CG reform would, in …. -- corporate governance reform ; transparency and disclosure rules ; conflict between state and the controlling owner ; taxation …

study a reform in Germany that abruptly abolished this mandate for certain firms incorporated after August 1994 but locked …

aggressive. In a first stage, the Government proposes a reform over the two policies, and in a second stage engages in a contest … with an Interest Group over the enactment of the proposed reform. As a result, the Government makes a compromise, under …

on others' abatement. I show that a full or majority coalition can be stable. This requires, however, that a majority of … countries have relatively strong reciprocity preferences. No coalition participation is always stable. In addition, a stable … minority coalition may exist; if so, it is weakly larger than the maximum stable coalition with standard preferences, but is …