Regulation

Non-Enforcement Led Public Oversight of Financial and Corporate Governance Disclosures and of Auditors

This paper examines the UK's system for public oversight of financial and corporate governance disclosures by issuers and of auditors, taking account...

Whose Trojan Horse? The Dynamics of Resistance against IFRS

The introduction of International Financial Reporting Standards (IFRS) has been debated in the United States since at least the accounting scandals of...

The Belgian struggle for corporate governance improvements

Belgium did not experience major governance collapses in the nineties. However, the country must not but envied. The corporate governance debate...

Be Careful What You Wish For: How Progress Engendered Regression in Related Party Transaction Regulation in Israel

The regulation of related party transactions (RPTs) is today the single most important yardstick for the quality of corporate governance systems. It is...

The Illusion of Motion: Corporate (Im-)mobility and the Failed Promise of Centros

The European Court of Justice’s landmark decision in Centros was heralded as creating the preconditions for a vibrant market for incorporations in...

Extended Shareholder Liability for Systemically Important Financial Institutions

Regulators generally have tried to address the problems posed by the excessive risk-taking of Systemically Important Financial Institutions (SIFIs)...

Some Reflections on the Self-insider and the Market Abuse Regulation – The Self-insider as a Monopoly-Square Insider

This article deals with the self-insider, i.e. the possible creation of the inside information by a person and its (abusive) exploitation. It describes...

Synthetic Governance

Although securities regulation is distinct from corporate governance, the two fields have considerable substantive overlap. By increasing the...

Towards a Principled Approach for Bailouts of COVID-distressed Critical/Systemic Firms

In this essay, we propose a principled approach for government bailouts of critical/systemic firms who find themselves in COVID-19-induced financial...

Dual-Class Shares and Firm Valuation: Market-Wide Evidence from Regulatory Events

In the 1980s, stock exchanges and eventually the SEC took actions that affected the eligibility of listed firms to adopt dual-class shares with...

The Oscillating Domains of Public and Private Markets

We contribute to the debate about the future of capital markets and corporate finance, which has ensued against the background of a significant boom in...

Insider Trading Laws and Stock Price Informativeness