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Origins and Resolution of Financial Crises; Lessons from the Current and Northern European Crises
Ostrup, Finn; Oxelheim, Lars; Wihlborg, Clas - 2009
financial sector and factors that explain why these strains lead to system-wide contagion and a possible credit crunch. Most of … that a financial crisis with its contagion within the system is caused by failures of legal, regulatory and political … crises would be reduced if appropriate institutions could be put in place Lacking appropriate institutions to avoid contagion …
Persistent link: https://www.econbiz.de/10010320249
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Globalization of Corporate Covernance: The American Influence on Dismissal Performance Sensitivity of European CEOs
Jungeilges, Jochen A.; Oxelheim, Lars; Randoy, Trond - 2010
This study examines how globalization of corporate governance practices influence the risk of European CEOs being dismissed. We argue that the harsh monitoring of the American corporate governance system spills over to the rest of the world as a result of this globalization. We focus on direct...
Persistent link: https://www.econbiz.de/10010320346
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Institutions and Venture Capital
Lerner, Josh; Tåg, Joacim - 2012
We survey the literature on venture capital and institutions and present a case study comparing the development of the venture capital market in the US to Sweden. Our literature survey underscores that the legal environment, financial market development, the tax system, labor market regulations,...
Persistent link: https://www.econbiz.de/10010320253
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Private equity's unintended dark side: On the economic consequences of excessive delistings
Ljungsqvist, Alexander; Persson, Lars; Tåg, Joacim - 2016
Over the past two decades, private equity has contributed to a shrinking of the U.S. stock market. We develop a political economy model of private equity activity to study the wider economic consequences of this trend. We show that private and social incentives to delist firms from the stock...
Persistent link: https://www.econbiz.de/10011794581