Family Firms and Investments
Family firms are a widespread control structure in most countries, especially among smaller firms. A vast literature addresses the question of whether...
Read moreFamily firms are a widespread control structure in most countries, especially among smaller firms. A vast literature addresses the question of whether...
Read moreThis paper shows that improving financial efficiency may reduce real efficiency. While the former depends on the total amount of information...
Read moreWe develop a theory and empirical test of how the legal system affects the relationship between venture capitalists and entrepreneurs. The theory uses a...
Read moreThis paper examines the economic effects of changes in securities regulation. We analyze two key directives in the European Union (EU) that tightened...
Read moreCorporate governance incentives at too-big-to-fail financial firms deserve systematic examination. For industrial conglomerates that have grown...
Read moreThe more the target knows about the bidder, the more difficult it is to pay with overpriced shares. Thus, under bidder opportunism, the fraction of stock...
Read moreThis paper determines optimal capital structure and value of Holding-Subsidiary structures (HS), when there is a trade-off between bankruptcy costs...
Read moreThis paper shows that the liberalization of capital inflows may undermine bank stability in emerging markets. After financial liberalization,...
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