This paper is an empirical assessment of the comparative efficiency of governance structures in an environment marked by high uncertainty. We analyze the short-term impact of retail deregulation on the productive efficiency of electric utilities in the United States. We argue that there are...

In the year 2016, the European Patent Organisation (EPOrg) implemented reforms which have brought a number of changes in the organisation and functioning of the (Enlarged) Boards of Appeal at the European Patent Office (EPO). The reforms have attracted significant attention by legal...

Corporations have been getting a bad rap lately. Many blame “corporations” for a litany of ills that, upon closer examination, should be blamed on another institution. Our goal is to analyze a miscellany of fallacies concerning the Citizens United case, corporate personhood, the stakeholder...

Corruption has traditionally been wildly rampant in the energy sector and its effects have proved to be extremely dramatic. For decades energy companies have perpetrated corrupt practices with impunity to obtain from the local governments the green light to construct intrusive energy...

The narrative that defines privatisation, corporatization, and the separation of ownership and regulatory functions as the key prerequisites for a successful SOE governance structure represents the literature’s leading approach. This approach has been embedded in national laws and policies...

This is the on-line appendix to the paper by the same authors, titled "Do State-Owned Enterprises Have Worse Corporate Governance? An Empirical Study of Corporate Practices in China" found at http://ssrn.com/abstract=3111820

The investment climate in the country depends largely on the level of confidence of potential investors, which actualizes the need to provide transparent and quality financial reporting to economic entities. Powerful corporations that have established an effective corporate governance mechanism...

The state statutes that regulate the organization of insurance companies in the United States define a “mutual” company as a company in which the board of directors is elected by the company’s policyholders. The statutes are, however, commonly vague or silent on other important aspects of...

This paper evaluates the legal status of the Russian federal government as a corporate governance participant using the example of large sectorial companies. The state commonly regulates economic processes and focuses on pursuing the public interest. It also acts as a guarantor of social...

10.2 trillion dollars have been lost in the US alone in the past two years. 45% of world’s wealth has been destroyed and three of the largest bankruptcies in the US have occurred in the past year. Just as the majority of observers thought lessons from Enron had been learned, crisis has struck...