This study examines the impact of information environment in capital markets on a firm’s stakeholder paradigm. We integrate research on time horizons with stakeholder theory to unravel both the choice between shareholder diagram and stakeholder diagram, and the choice between generic and...

Equity crowdfunding markets have grown exponentially over the last few years. Despite this impressive growth, significant informational asymmetry problems may plague these markets, making them susceptible to difficulties and even market failure. In this paper, we depart from current equity...

Using a newly assembled dataset of 45,220 firms across 46 countries spanning the years 1996-2007, we find incongruent effects of regulation across firm size. We find that public enforcement facilitates small firm security issuance while private enforcement benefits large firms more than small...

Using a newly assembled dataset of 45,220 firms across 46 countries spanning the years 1996-2007, we find incongruent effects of regulation across firm size. We find that public enforcement facilitates small firm security issuance while private enforcement benefits large firms more than small...

Using a newly-assembled dataset of 45,220 firms across 46 countries spanning the years 1996-2007, we find incongruent effects of regulation across firm size. We find that public enforcement facilitates small firm security issuance, while private enforcement benefits large firms more than small...

We examine the influence of both public and private enforcement of securities regulation on securities issuance across firm size and institutional quality. We conjecture that in G10 countries with strong institutional environments, private enforcement benefits large firms more than small firms,...