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No derivative shareholder suits in Europe : a model of percentage limits and collusion
Grechenig, Kristoffel; Sekyra, Michael - 2010
We address one of the cardinal puzzles of European corporate law: the lack of derivate share-holder suits. We explain this phenomenon on the basis of percentage limits which require share-holders to hold a minimum amount of shares in order to bring a lawsuit. We show that, under this legal...
Persistent link: https://www.econbiz.de/10003971196
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No derivative shareholder suits in Europe : a model of percentage limits and collusion
Grechenig, Kristoffel; Sekyra, Michael - 2010
We address one of the cardinal puzzles of European corporate law: the lack of derivate shareholder suits. We explain this phenomenon on the basis of percentage limits which require shareholders to hold a minimum amount of shares in order to bring a lawsuit. We show that, under this legal regime,...
Persistent link: https://www.econbiz.de/10008738315
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The Soviet constitution problem in comparative corporate law : testing the proposition that European corporate law is more stockholder-focused than U.S. corporate law
Strine, Leo E. - 2015
This article addresses the proposition advanced by academic and press commentators that European corporation law promotes stockholder welfare better than its U.S. counterpart. Those who express that view often point to the stronger rights afforded to stockholders under the laws of the European...
Persistent link: https://www.econbiz.de/10011496242
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Questioning 'Law and Finance' : US Stock Market Development, 1930-70
Cheffins, Brian R. - 2012
An important tenet of a burgeoning 'law and finance' literature is that stock market development is contingent upon corporate law offering ample protection to shareholders. This paper addresses this claim, using as its departure point developments occurring in the United States between 1930 and...
Persistent link: https://www.econbiz.de/10013105507
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Regulatory Competition and Freedom of Contract in U.S. Corporate Law
Ventoruzzo, Marco - 2018
The real dynamics of U.S. regulatory competition in corporate law are often misunderstood. As convincingly demonstrated … this "competition" based also on empirical evidence, I examine some recent reforms of the Delaware General Corporation Act … offer some implications for the also peculiar type of regulatory competition emerging in Europe, and indicate some …
Persistent link: https://www.econbiz.de/10012936168
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The case against statutory menus in corporate law
Häusermann, Daniel Markus - 2012
There seems to be a virtual consensus among corporate law scholars that state legislatures should enable corporations to select governance terms from a menu of predefined statutory rules. In this Article, I challenge this view. The private sector has produced menus of contract terms, such as...
Persistent link: https://www.econbiz.de/10009540211
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Cross-Border Tender Offer, Exchange Offer and Business Combinations : A Comparison between U.S. Takeover Law, the New German Takeover Code and the 13th European Directive
Strehl, Björn - 2013
This article deals with the latest developments in the regulation of cross-border tender offers in the U.S., in Germany, and in the European Union. In the U.S. the SEC issued a new release concerning Cross-Border Tender and Exchange Offers, Business Combinations and Rights Offerings. The new...
Persistent link: https://www.econbiz.de/10014151065
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The Human Capital Management Movement in U.S. Corporate Law
Georgiev, George S. - 2021
Corporations cannot exist without workers, yet workers are not part of the formal or informal governance structures established by U.S. corporate law. Commentators and policymakers have bemoaned this state of affairs for decades, to little avail. Since the mid-2010s, however, a concept related...
Persistent link: https://www.econbiz.de/10014088959
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Actively Keeping Secrets from Creditors : Evidence from The Uniform Trade Secrets Act
Guernsey, Scott - 2020
We find that an increase in a firm's incentives to use trade secrets to protect its intellectual property results in a more actively managed capital structure. Exploiting U.S. states' adoption of the Uniform Trade Secrets Act as a positive “shock” in the protection afforded to trade secrets,...
Persistent link: https://www.econbiz.de/10012853531