Corporate governance reform is in the air. This article warns against partial and hastily conceived interventions in complex and fragile governance arrangements. Reformers should step back and analyse the fundamental links between corporate law and corporate finance, and between corporate...

To foster corporate restructuring and capital market integration, the European Commission has repeatedly attempted to introduce Europe-wide takeover regulation, but has encountered strong resistance. We trace the sources of this resistance to differences in corporate governance arrangements...

Many observers have expressed scepticism about granting more power to the European Parliament. The sceptics believe that Members of the European Parliament (MEPs) do not vote in a disciplined way and that they vote more often with their country group than with their European Party. Using a...