This paper investigates the effect of potential competition on takeovers which we model as a bargaining game with alternating offers where calling an auction represents an outside option for each bidder at each stage of the game. The model describes a takeover process that is initiated by an...

We review the most recent contributions to the literature on the role of diversity in corporate finance. We focus on gender diversity but also includes various other dimensions of diversity, and analyses its impact on different aspects of corporate life, including performance, CSR strategy and...

This paper is the first to provide a comprehensive analysis of how different gender balance initiatives in Europe have impacted firms' board structure. Our sample covers 18 countries over the period 2005-2018. We propose a novel indicator of the strictness of the country's gender balance...

This paper develops a model in order to explore how a banks equity stake in a competitor of a borrower affects the financing relationship with the borrower and product market outcomes.

This paper develops a contracting framework in order to explore the effects of credit derivatives on banks incentives to monitor loans, their incentives to intervene, and, ultimately, borrowers incentives to perform.