We develop and test hypotheses derived from a multi-level theoretical framework for understanding factors shaping the credit risk and capital structure of a quintessentially Asian form of investment known as project finance. It differs from other corporate financing approaches. A project company...

Ordoliberalism differs from other liberal theories in not supporting the simplistic idea that the ‘government is the problem'. The aim of this chapter is therefore to explain the core features of ordoliberalism and distinguish it from other varieties of liberalism. We also show that...

Why do employees have rights to representation within corporate boards in some countries, but not in others? Board-level codetermination is widely considered a distinctive feature of coordinated or nonliberal models of capitalism. Existing literature stresses three sets of explanations for...

In recent years, scholars and policymakers have become interested in the idea of a smart mix of voluntary and regulatory measures in private governance. If public and private actors are to share the work load of governing the commons, this presupposes that both sides can agree on this compromise...

What are the prospects for the upward harmonization of regulatory standards, and why do governments support or oppose more stringent supranational regulation? To answer these questions, this paper examines an important case of upward regulatory harmonization, the European Union's non-financial...

German Abstract: Die Auswertung der fünf internationalen Länderrankings bestätigt die Hypothese, dass der Ostseeraum nach wie vor eine sehr heterogene Region ist. Das gilt nicht nur in wirtschaftlicher Hinsicht zwischen reichen und armen Anrainerstaaten, sondern auch mit Blick auf die...

Law and finance scholars have increasingly relied upon comparative law in the last few years. The work of these scholars has considered, in empirical terms, the effect that legal rules and their enforcement have on financial development in different countries. These studies have routinely...

This article investigates the potential for regulatory competition within the legal framework of the Eurasian Economic Union (EEU). By comparing the legal structures of the EU and the EEU, this article outlines the ways in which regulatory competition is embedded in each of the legal frameworks...

Deposit guarantee insurance has been a very debated topic both in the USA and in Europe. Deposit guarantee insurance is considered to be a highly important mechanism to prevent bank runs and to restore depositor confidence, which is why both in the USA and in Europe during the financial crisis...

Do countries with high CSR performance support more stringent supranational regulation? Following this logic, existing scholarship claims that Nordic countries push for tougher regulations to sharpen their competitive advantage. On the basis of an examination of the negotiations over the EU...