Corporate Groups: Corporate Law, Private Contracting and Equal Ownership
In this paper we provide a simple and general framework that explains the nature of groups, their corporate governance problems and their ownership...
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Changing Patterns of Corporate Disclosure in Continental Europe: The Example of Germany
This article presents a structural overview of corporate disclosure in Germany against the background of a rapidly evolving European market. It fi rst...
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Pension Reform, Ownership Structure, and Corporate Governance: Evidence from a Natural Experiment
Sweden offers a unique natural experiment to analyze the microeconomic effects of institutionalized saving on ownership structure, corporate...
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Bolstering Family Control: Evidence from Loyalty Shares
We study the introduction of a new control-enhancing mechanism in Italy, a country characterized by family-controlled firms and growing...
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A Survey of Research on the Corporate Governance of Korean Firms
This article reviews research conducted from 2011-2020 on the corporate governance of Korean firms. The purpose is to promote academic...
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A Primer on the Uncorporation
More and more companies appear with strange abbreviations behind their business name. Consider Chrysler Group LLC (instead of Inc.) or LVMH Montres and...
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Ownership, Takeovers and EU Law: How Contestable Should EU Corporations Be?
In this paper, I draw on economic theory of ownership structure; empirical research on ownership, value and takeovers; and comparisons to US law to argue...
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Taxes, Ownership and Capital Structure
This paper studies the ownership connection between two units that share a common controlling entity. Our results generate diverse organizations,...
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Shareholder Collaboration
Two models of the firm dominate corporate law. Under the managementpower model, decision-making power rests primarily with corporate insiders...
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