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In 1996, Congress increased the limits on how many radio stations one firm can own within a single “radio market.” To enforce these limits, the FCC used an idiosyncratic method of defining radio markets, based on the complex geometry of the signal contour patterns of radio stations’...
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governance mechanisms imposed by a state administrative agency, most often to protect minority shareholders against exploitation … by the party state controlling shareholders which are the accepted powers of "state capitalism." This chapter reviews the …
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Executive pay regulation is widely discussed as a measure to reduce financial mismanagement in corporations. We show … that the professional team sports industry, the only industry with substantial experience in the regulation of compensation … arrangements, provides valuable insights for the regulation of executive pay. Based on the experience from professional sports …
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shareholders, which creates moral hazard. This dynamic is further exacerbated by the tension between the public policy role … members, while clearinghouses’ shareholders have a small equity at stake.After offering a political economy explanation of the … incentives of clearinghouse shareholders to those of their members in order to ultimately enhance financial stability. Building …
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France and Europe are at the forefront of ESG regulation. They have taken steps that go far beyond mere reporting … non-European companies doing business in Europe, as the EU shows more and more inclination to enforce its ESG regulation …
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