Showing 1 - 10 of 13,150
This paper contains the tables of contents, legislation and cases, the introduction and the index of a book published by Cambridge University Press (2008). The cover text reads as follows: "On the one hand, it can be argued that the increasing economic and political interdependence of countries...
Persistent link: https://www.econbiz.de/10014221480
We derive and develop a simple and intuitive model that shines fresh light on the relentless debate over whether corporate ownership converges to the Berle-Means modern corporation with high stock ownership dispersion. Our model takes into account the importance of both protective legal...
Persistent link: https://www.econbiz.de/10013004147
legal provisions of acquisition agreements to address the distinctive risks facing each merger. But the empirical question … details of the legal terms of acquisition agreements. Our approach leverages the fact that merger announcements (which lay out … a merger have strong incentives to complete the deal regardless of what legal contingencies are triggered. We argue that …
Persistent link: https://www.econbiz.de/10013103781
This article examines the decades-long decline of investor protections enshrined in the Securities Act of 1933, most notably Section 11, which imposes near strict liability on corporate insiders and certain secondary actors, primarily underwriters. The provision, the most potent in the federal...
Persistent link: https://www.econbiz.de/10013403507
Wealth transfer effects between stockholders and bondholders on the announcement date of changes in a firm's credit rating have primarily been examined a) for one type of security; b) on US capital markets; and c) by applying standard event study methods. In contrast to these investigations, we...
Persistent link: https://www.econbiz.de/10012984791
difference-in-difference approach. Our results show that ETS implementation leads to significantly less cross-border merger and …
Persistent link: https://www.econbiz.de/10013291148
Persistent link: https://www.econbiz.de/10010202668
Persistent link: https://www.econbiz.de/10011525557
Persistent link: https://www.econbiz.de/10011548843
Persistent link: https://www.econbiz.de/10011559789