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Working papers

Working papers

The ECGI Working Paper series is a repository of academic research papers produced by ECGI Research members consisting of highly qualified and renowned academics from across the globe. The series is managed by a team of ECGI Editors and the papers focus on Corporate Governance topics in both Law and Finance fields.

New Working Papers

The Stability of Dividends and Wages: Effects of Competitor Inflexibility

We analyze how risk sharing between a firm’s employees and owners depends on its competitors’ response to industry-wide shocks. Focusing on the electricity industry, we obtain a sample of firms with exposure to similar industry risks but...Read more

Daniel A. Rettl
Alex Stomper
Josef Zechner
14 June 2018
E.g., 2018-07-18
E.g., 2018-07-18