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Persistent link: https://www.econbiz.de/10009685468
1. Corporate governance : theory and evidence -- 2. Private benefits of control -- 3. The law and economics of control powers : a theoretical framework -- 4. Legal distribution of corporate powers -- 5. How to cope with self-dealing -- 6. Regulation of related-party transactions : a comparative...
Persistent link: https://www.econbiz.de/10014499040
This comprehensive volume provides a state-of-the-art overview of regulatory economics and reviews the main theories, tools, and domains of regulation
Persistent link: https://www.econbiz.de/10011171288
In this timely book, the law and economics of corporate governance is approached from various angles. Alessio Pacces shows that perspectives are evolving and that they differ between the economic and the legal standpoint, as well as varying between countries. A group of leading scholars offers...
Persistent link: https://www.econbiz.de/10011171307
This chapter provides a general framework to analyze regulation with a law and economics approach. It introduces the volume “Regulation and Economics” of the second edition of the Encyclopedia of Law and Economics. This study intends to provide a state-of-the-art overview of regulatory...
Persistent link: https://www.econbiz.de/10014178429
In this chapter, written for the book 'Law and Method. Interdisciplinary Research info Law', we describe the methodology of Law and Economics. We start by discussing the mainstream economic approach to law, including the topics of rationality, the use of (sometimes unrealistic) assumptions, the...
Persistent link: https://www.econbiz.de/10014158414
This article discusses hedge funds activism based on Hirschman's classic. It is argued that hedge funds do not create the loyalty concerns underlying the usual short-termism critique of their activism, because the arbiters of such activism are typically indexed funds, which cannot choose...
Persistent link: https://www.econbiz.de/10012964607
This essay discusses the economic case for regulating shadow banking. Focusing on systemic risk, shadow banking is defined as leveraging on collateral to support liquidity promises. Regulating shadow banking is efficient because of the negative externality stemming from systemic risk. However,...
Persistent link: https://www.econbiz.de/10012967040
The goal of this essay is to determine how – and to what extent – law and economics can be normative, namely inform policymakers about which legal rules are desirable for society. A review of the law and economics movement reveals three challenges. First, efficiency is not always sufficient...
Persistent link: https://www.econbiz.de/10013025732
This article studies the regulatory strategies to address the potential systemic risk of hedge funds operation in financial markets. Due to the implications of the choice of regulatory strategies and instruments in terms of mitigating systemic risk, the article focuses on one critical aspect of...
Persistent link: https://www.econbiz.de/10013035084