Universal Demand (UD) laws by different states. The UD laws substantially raise the hurdle for shareholders to file derivative … sales, after the passage of UD laws, suggesting derivative litigation serves a disciplinary role in curbing insider trading …. The deterrence effect of derivative litigation complements that of federal securities litigation, as it is effective in …

This paper presents the results of a comprehensive empirical study on China's derivative suits as introduced in the … disappointment given the intended role of China's derivative suits in improving the corporate governance of public companies. The … study also produces other important findings on various aspects of the derivative suit remedy. From a comparative …

The derivative action exerted by shareholders (rectius, by a single shareholder or by a minority of them) falls within …

shareholders can sue for compensation on behalf of the company. In some legal systems such derivative actions have been in place … considerable diversity around the world. In this paper I explore how the availability of derivative actions is related to other … account for the differences and similarities in the law of derivative actions across countries. However, a quantitative …

. This central insight and argument leads to additional contributions to corporate law and legal theory. First, examining the …

Economic theory suggests that corporate law should enable parties to contract freely in order to promote their best …