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Law, Corporate Governance and Financial System: Econometric Analysis of French Case

Blazy, Régis; Boughanmi, Afef; Deffains, Bruno; … - Luxembourg School of Finance, Faculté de droit, … - 2008

The World Bank reports « Doing business » (2004, 2005 and 2006), referring to the main assumptions and findings of the « law and finance » theory, predict that the common law system provides better basis for financial development and economic growth than French origin civil law. This paper...

Persistent link: https://www.econbiz.de/10005590040

Corporate Governance and Financial Development: A Study of the French Case

Guigou, Jean-Daniel; Blazy, Regis; Boughanmi, Afef; … - Luxembourg School of Finance, Faculté de droit, … - 2011

This paper belongs to the growing body of the ?Law and finance) literature based on timeseries study. It carries out an empirical investigation of the role of corporate governance in financial development. We focus on French corporate governance reforms in order to examine whether these reforms...

Persistent link: https://www.econbiz.de/10010720556

Droit, gouvernance d’entreprise et structure du système financier:une analyse économétrique du cas français (1980-2004)

Boughanmi, Afef; Deffains, Bruno - In: Revue Finance Contrôle Stratégie 9 (2006) 4, pp. 33-66

(VF)Cet article propose d’évaluer les relations entre les réformes en matière de gouvernance d’entreprise et la réorganisation du système financier en France. L’objectif est de discuter la thèse selon laquelle il existe une relation forte et stable entre tradition juridique, niveau...

Persistent link: https://www.econbiz.de/10005111080

Efficient Markets and the Law: A Predictable Past and an Uncertain Future

Hu, Henry T.C. - In: Annual Review of Financial Economics 4 (2012) 1, pp. 179-214

This article analyzes the manifold situations in which the efficient-market hypothesis (EMH) has influenced—or has failed to influence—federal securities regulation and state corporate law, and the prospective roles for the EMH in these contexts. In federal securities regulation, the EMH has...

Persistent link: https://www.econbiz.de/10010603964

Private Lawmaking

Snyder, David V. - 2019

This article argues that a significant amount of law is privately made and suggests that privately made law should be subjected to the same kinds of questioning as publicly made law, considering in the end whether privately made law might be considered quot;molecular federalism.quot; Private...

Persistent link: https://www.econbiz.de/10012706322

Lawyers and Ethics in Practice : The Impact of Clinical and Ethics Curricula on Lawyers' Ethical Decision-Making

Evans, Adrian - 2012

The authors have conducted a longitudinal study exploring the relationships between values and ethical behaviour for early-career legal practitioners. The study comprised a representative Australian cohort of final-year law students and tracked them through their first two years of employment or...

Persistent link: https://www.econbiz.de/10012754892

Firm-Level Determinants of Board System Choice: Evidence from Russia

Iwasaki, Ichiro - Russian Research Center, Institute of Economic Research - 2013

evidence strongly suggests that the need of company executives for a collective management system is a key driver for the … strengthening the monitoring and control functions over top management. We also found that Russian firms in the pursuit of the …

Persistent link: https://www.econbiz.de/10009371109

Corporate Governance gemäß BilMoG und SOX

Kubisch, Sabine - Fachbereich Wirtschaft, Fachhochschule Stralsund - 2009

Durch vermehrt aufgetretene Finanzskandale und Zusammenbrüche namhafter Unternehmen wurde in den letzten Jahren das Vertrauen der Anleger nachhaltig gestört. Um die Glaubwürdigkeit in die veröffentlichten Finanzinformationen und in die Sicherheit der unternehmerischen Überwachungsprozesse...

Persistent link: https://www.econbiz.de/10010984579

Executive Compensation as an Agency Problem

Bebchuk, Lucian Arye; Fried, Jesse - C.E.P.R. Discussion Papers - 2003

instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself … managers. As a result, managers wield substantial influence over their own pay arrangements, and they have an interest in … reducing the saliency of the amount of their pay and the extent to which that pay is de-coupled from managers’ performance. We …

Persistent link: https://www.econbiz.de/10005662270

Firms' Decisions on Where to Incorporate

Bebchuk, Lucian Arye; Cohen, Alma - C.E.P.R. Discussion Papers - 2002

This Paper empirically investigates the decisions of US publicly traded firms on where to incorporate. We study the features of states that make them attractive to incorporating firms and the characteristics of firms that determine whether they incorporate in or out of their state of location....

Persistent link: https://www.econbiz.de/10005123946