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Persistent link: https://www.econbiz.de/10012773343
This short introduction to the book, Enron: Corporate Fiascos and Their Implications (2004), is designed to walk the reader through the organization of the entire book. The book itself is designed for use by law schools, business schools, and undergraduates
Persistent link: https://www.econbiz.de/10012773675
market gatekeeping theory relies upon the reputations that gatekeepers are assumed to command and protect backstopped by …
Persistent link: https://www.econbiz.de/10012777108
This paper focuses on the low cross-border turnout of shareholders at shareholder meetings of European issuers. It presents the data that is yet available on cross-border voting and examines the reasons behind the low cross-border turnout, in relative terms. Opposing the traditional view among...
Persistent link: https://www.econbiz.de/10012766477
scholarship in law and economics - particularly empirical scholarship. It concludes that while the contractarian theory remains a …, the theory falls short. Two phenomena reflect shortcomings in the contractarian theory. First, corporate contracts exhibit … contractarian theory prescribes or an approach of mandatory regulation …
Persistent link: https://www.econbiz.de/10012767167
Member States are required to adopt the European Directive on the Exercise of Certain Rights of Shareholders in Listed Companies until [December 31st, 2009]. Based on a comparative analysis of the existing rules on the Internet-based exercise of shareholder rights within the European Community...
Persistent link: https://www.econbiz.de/10012709405
This article analyzes how shareholder protection has developed in 20 countries from 1995 to 2005. In contrast to traditional legal research, it draws on a quantitative methodology to law ('leximetrics', 'numerical comparative law'). Some of its results are that in most countries shareholder...
Persistent link: https://www.econbiz.de/10012709419
Despite significant premium associated with cross-listing on U.S. exchanges many firms remain in their local markets or list on exchanges with weaker legal commitments. This paper develops a signaling model that helps in explaining controlling shareholders unique reluctance to bond. If...
Persistent link: https://www.econbiz.de/10012712928
We shed new light on the corporate governance role of institutional investors in markets where concentrated ownership and business groups are prevalent. When companies have controlling shareholders, institutional investors, as minority shareholders, can play only a limited role in corporate...
Persistent link: https://www.econbiz.de/10008554240
This Paper develops a model of the competition among states in providing corporate law rules. The analysis provides a full characterization of the equilibrium in this market. Competition among states is shown to produce optimal rules with respect to issues that do not have a substantial effect...
Persistent link: https://www.econbiz.de/10005114390