shareholders is considerably stronger in blockholder countries and that convergence in shareholder protection is taking place since …

, we evaluate numerically the protections corporate and securities law have offered shareholders from the beginning of the … twentieth century to the present day. We do so by tracking the rights accorded to shareholders across time under three important …. First, we find that the protections afforded to shareholders by state corporation law have decreased since 1900 but only …

suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …

suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …

shareholder protection tend to have larger market capitalization but also lower innovation activity. We cope with stock market … encourage, the most valuable corporate productions, because it enables small and diversified shareholders to play opportunistic … actions against undiversified stockholders, after specific investments are undertaken by the company; innovation activity …

exemption for transactions with wholly owned subsidiaries allows controlling shareholders to circumvent the rule extensively … shareholders and creditors. Hence, if the Commission choses to go down this route it might end up with a comprehensive regulation …