Good corporate governance is essential for companies in reaching their full competitive potential in the global marketplace with unimpeded access to capital for their growth. During the recent years, Egypt has embraced a reform agenda that resulted in significant economic growth and substantial...

The objective of this study is to investigate the relationship between stock market performance and ownership structure during plummeting and soaring financial markets in a Continental-European setting. Our results show the importance of ownership concentration, the presence of secondary...

Despite significant premium associated with cross-listing on U.S. exchanges many firms remain in their local markets or list on exchanges with weaker legal commitments. This paper develops a signaling model that helps in explaining controlling shareholders unique reluctance to bond. If...

This paper examines the relationship between corporate firm's ownership and capital structure in context of an emerging market economy, India. We use firm-level time series data of listed companies from 1994 through 2000 and analyze the firm's corporate financing behavior in connection with its...

This paper uses a sample of over 2,500 firms from 27 countries to investigate the relation between ownership structure, analyst following, investor protection and valuation. We find that analysts are less likely to follow firms with potential incentives to withhold or manipulate information,...

This paper studies the motives behind private equity acquisitions of publicly listed firms in continental Europe. As corporate control and ownership in continental Europe tend to be highly concentrated, we argue that it is important to take into account the incentives of the incumbent large...

We examine countries in continental Europe to further refine the distinction between ability to control and actual control and whether a particular distinct shareholder distribution relates to company performance. As an extension to the existing literature, we provide a more nuanced taxonomy of...

As the world’s leading international financial centre, London faces fascinating opportunities and significant challenges in coming years as a result of Brexit, increased international competition from other global financial centres, and the changing face of finance itself. The City should...

Animosity towards the business of finance is ancient and persistent. As finance creates intangible value, its contribution is invisible to many observers, but the proposed remedy – increased statutory regulation – may heighten, rather than mitigate the exposure of taxpayers and households to...

Were we to distill 2020 into a single word, from the capital markets’ perspective at least, it would certainly be SPACs, which – although to a different extent – are now having their momentum on both shores of the pond. If, in the US, SPACs are really enjoying a new lease of life due to...