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Reputation Through Litigation : How the Legal System Shapes Behavior by Producing Information

Shapira, Roy - 2016

The law affects our behavior not only directly by imposing legal sanctions, but also indirectly, by providing information that shapes the reputations of individuals and organizations. This Article is the first to fully flesh out the reputation-shaping aspects of the law.The Article's first major...

Persistent link: https://www.econbiz.de/10012980999

No Derivative Shareholder Suits in Europe - A Model of Percentage Limits, Collusion and Residual Owners

Grechenig, Kristoffel R.; Sekyra, Michael - 2007

majority of European jurisdictions, shareholders can bring a derivative action (for damages) against the management for breach … of fiduciary duty. In all of these countries, a derivative lawsuit is the only remedy against managerial misconduct. In … shareholders. Contrary to current and past approaches to agency theory, we find that, in this equilibrium, (1) large shareholders …

Persistent link: https://www.econbiz.de/10014055598

Damages in European Securities Litigation : Lessons from Dutch Court-Approved Settlements

d'Udekem, Benoit; Audenrode, Marc Van - 2022

claimant-friendly legal theory to approach private investors’ damage claims: Fraud on the Market. This legal theory is built … Fraud on the Market, without formally endorsing the legal theory and with one noticeable, but idiosyncratic departure from …

Persistent link: https://www.econbiz.de/10014244745

Law, finance, economic growth and welfare : why does legal origin matter?

Asongu, Simplice A. - 2011

This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial support...

Persistent link: https://www.econbiz.de/10011410416

Law and Macroeconomics : The Law and Economics of Recessions

Listokin, Yair - 2016

In this Article, I offer a macroeconomic perspective on law that reshapes the microeconomic perspective that currently dominates law and economics. I argue that 1. The economy works one way in ordinary economic conditions, in which supply capacity determines output, and a different way in deep...

Persistent link: https://www.econbiz.de/10012984608

Law, Finance, Economic Growth and Welfare : Why Does Legal Origin Matter?

Asongu, Simplice - 2015

This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of “Law and finance: why does legal origin matter?” by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial...

Persistent link: https://www.econbiz.de/10013032607

The Priest-Klein Hypotheses : Proofs and Generality

Lee, Yoon-Ho Alex; Klerman, Daniel M. - 2016

Priest and Klein’s 1984 article, “The Selection of Disputes for Litigation,” famously hypothesized a “tendency toward 50 percent plaintiff victories” among litigated cases. Despite the article’s enduring influence, its results have never been formally proved, and doubts remain about...

Persistent link: https://www.econbiz.de/10014139739

Tort Arbitrage

Rhee, Robert J. - 2015

The economic models of bargaining and tort law have not been integrated into a coherent theory that reflects the … empirical world. This Article models the interaction of settlement dynamics and the theory of negligence. It shows that tort …

Persistent link: https://www.econbiz.de/10014052425

Structured Investment Vehicle (SIV) Litigation Questions

Macey-Dare, Rupert - 2011

Structured Investment Vehicles or SIVs are highly complex derivative-related vehicles and products, typically involving … offshore “bankruptcy-remote” special purpose companies and trusts, complex rules for the management of portfolios of derivative …

Persistent link: https://www.econbiz.de/10013133681

M&A Break Fees : US Litigation vs. UK Regulation

Coates, IV, John C. - 2010

This paper contrasts UK and US governance of M&A break fees to see what the contrast can teach us about trade-offs between litigation and regulation as modes of governance, including how laws change under each regime over time. Data on 1,136 bids in 1989-2008 and 61 fee disputes show: (1) the UK...

Persistent link: https://www.econbiz.de/10013150915