Accounting and Convergence in Corporate Governance: Doctrinal or Economic Path Dependence?
Convergence in corporate governance has been debated for more than 20 years. This paper seeks to explain convergence – and the lack thereof – in...
Read moreConvergence in corporate governance has been debated for more than 20 years. This paper seeks to explain convergence – and the lack thereof – in...
Read moreIn recent years, the emphasis in corporate governance has shifted from board composition, independent directors, separating the position of...
Read moreThe corporate governance arrangements of publicly traded companies have been transformed over the past four decades. Various observers have...
Read moreThis paper empirically examines the Capital Purchase program (CPP) under TARP that was used by the U.S. government to bail out distressed banks with...
Read moreIn large U.S. corporations, founding families are the only blockholders whose control rights on average exceed their cash flow rights. We analyze how...
Read moreIt is often assumed that strong securities markets require good legal protection of minority shareholders. This implies both "good" law -- principally...
Read moreFiduciary duties are often today held out as typical instruments of shareholder protection in the common law of both the US and the UK, which are sometimes...
Read moreThe firms listed on the stock market in aggregate contribute less to total non-farm employment and GDP now than in the 1970s. A major reason for this...
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