It can be said that vigorous law enforcement against anticompetitive conducts might be the most effective outreach activity of all. Japan Fair Trade Commission

The ICN as poised to play a more visible role in global policy debates going forward. Maria Coppola (U.S. FTC)

The work of the competition authorities is taking on the ‘flavour of a social movement.' Trudi Makhaya (Competition Commission South Africa)

Businesses must have confidence that competition law is there to protect them from anticompetitive behavior from their competitors, and to assure them of a level playing field to grow their business. Competition Commission of Singapore

One of the challenges of competition advocacy vis-à-vis enforcement is its lack of clear-cut boundaries, instruments, and tasks. Angel López Hoher (Mexican Federal Competition Commission)

Decline in confidence in free market mechanisms in the past decade has provoked an increase in interest in regulatory issues. This paper seeks to answer one question: Are exchange listing rules an effective screening mechanism? Using a sample of IPO firms listing on major U.S. exchanges in...

20 countries around the world have used incentive packages, including bonus shares and discounts, to attract retail investors to participate in privatizations. Using a unique dataset, we estimate the total cost of incentive packages at approximately $27 billion. The expiration of bonus share...

Recent research on central bank governance has focused mainly on their monetary policy task. As the sub-prime loan market turmoil reminded us - central banks play a crucial role in financial markets not only in setting monetary policy, but also in ensuring their soundness and stability. In this...

The main aims of this paper are, first, to construct a consistent comparative set of data on the sources of finance for investment over the period 1970--89 for Germany, Japan, the United Kingdom and the United States and second, to challenge some conventional views of the international...

Traditional American corporation statutes state that the business and affairs of the corporation shall be managed by a board of directors who act as fiduciaries of the corporation. The purpose of this paper is to explain the economic logic underlying the regulation of corporate directors'...