Protection

Cross-Country Determinants of Mergers and Acquisitions

Corporate Governance Convergence Through Cross-Border Mergers: The Case of Aventis

In this paper we illustrate the role of cross-border mergers in the process of corporate governance convergence. We explore in detail the corporate...

Politics, Investor Protection and Competition

Shareholder Protection, Stock Market Development, and Politics

The Place for Creditor Protection on the Agenda for Modernisation of Company Law in the European Union

The European Commission's Action Plan for Company Law, Modernising Company Law and Enhancing Corporate Governance in the European Union, signals a...

A Synthetic View of Different Concepts of Creditor Protection - Or: A High-Level Framework for Corporate Creditor Protection

On the Fortunes of Stock Exchanges and Their Reversals: Evidence from Foreign Listings

Using a sample that provides unprecedented detail on foreign listings for 29 exchanges in 24 countries starting from the early 1980s, we show that...

Takeovers, Poison Pills and Protectionism in Comparative Corporate Governance

The regulation of hostile takeovers constitutes an interesting corporate governance microcosm. It is an area where clear contrasts in approach,...

Indirect Investor Protection: The Investment Ecosystem and Its Legal Underpinnings

This paper argues that the key mechanisms protecting portfolio investors in public corporate securities are indirect. They do not rely on actions by the...

The Limits of Financial Globalization

Co-Evolution of Politics and Corporate Governance

According to Mark Roe, politics influences corporate governance. The separation between control and ownership is only possible when there is a low...

Employment protection and investment opportunities

Even though firms? innovation efforts dwindle in reaction to weaker employment protection legislation (EPL), we show that the value of their...