Looking at “the sharing economy”, the paper tackles its impact on employment, in the context of traditional businesses being challenged by innovative business models. The focus is on the way Airbnb, a major sharing economy player in the tourism industry, affects local labour markets. I am...

This paper analyses a longitudinal dataset on legal protection of shareholders over a 36 year period, 970-2005 for four advanced countries, UK, France, Germany and the US. It examines two aspects of the legal origin hypothesis - whether shareholder protection is higher in the common law...

The article contributes to the literature on financial fragility, studying how macro-economic shocks affect supply and demand in the corporate debt market. We take into account the effect of the competitive environment, as well as the risk level, measured by companies' default rate. The model is...

This paper presents a synopsis of recent NBER studies of the history of corporate governance in Canada,China, France, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies underscore the importance of path dependence, often as far...

This study examined attitudes on the ethics of bribe taking in four European countries – France, Great Britain, Italy and Germany. Nineteen demographic variables (gender, age, marital status, etc.) were also examined, and most mean scores were found to be significantly different. Although most...

The returns on bank stocks rise and fall with the business cycle, making bank equity financing cheaper in the boom and dearer during a recession. This provides support for prudential tools that give incentives for banks to build capital buffers at times when the cost of equity is lower. In...

This chapter deals with fundamental issues of corporate insolvency law. Particular attention is paid to the agency problems related to “bankruptcy governance” and how these are addressed in various jurisdictions. Methodologically, the chapter is based on a functional approach that compares...

This study analyzes the “glass cliff” phenomenon using performance data from 233 large listed firms in Germany and the United Kingdom collected from 2005 to 2015. We examine these firms' accounting and stock market performance trends prior to the appointments of new board members and the...

The dialogue of the board and its chairman with investors is an established practice in many countries, such as the United Kingdom, the USA, the Netherlands, Belgium, France and recently also Germany. In the UK this dialogue covers the whole range of relevant board topics, certainly including...