US

Subverting Shareholder Rights: Lessons from News Corp.'s Migration to Delaware

News Corp. is currently at the centre of a major corporate crisis, which began in the U.K. with the notorious phone hacking scandals, but is now spreading...

The Rise and Fall of Delaware's Takeover Standards

The takeover standards that we learn and teach in law school, Revlon, Unocal, Weinberger, and Blasius, appear to be in decline. In this chapter for the...

Free-Riders and Underdogs: Participation in Corporate Voting

Voting outcomes can differ from underlying preferences due to strategic selection into voting. One explanation for such selection effects is lower...

The Divergent Designs of Mandatory Takeovers in Asia

Optimal takeover regulation aims to promote efficient changes of corporate control while curbing inefficient takeovers. Viewed from a comparative...

Why do foreign firms leave U.S. equity markets?

Is Berle and Means Really a Myth?

Berle and Means famously declared in 1932 that a separation of ownership and control was a hallmark of large U.S. corporations and their...

Is the U.S. Capital Market Losing its Competitive Edge?

China and the Rise of Law-Proof Insiders

Alibaba, the e-commerce giant that completed a record-setting IPO in the United States in 2014 and was valued at over $700 billion in early 2021, is one of...

After Halliburton: Event Studies and Their Role in Federal Securities Fraud Litigation

Event studies have become increasingly important in securities fraud litigation after the Supreme Court?s decision in Halliburton II. Litigants have...

Who Writes the Rules for Hostile Takeovers, and Why? The Peculiar Divergence of US and UK Takeover Regulation

Hostile takeovers are commonly thought to play a key role in rendering managers accountable to dispersed shareholders in the Anglo-American system of...

Will Nasdaq's Diversity Rules Harm Investors?

In December 2020, Nasdaq asked the Securities and Exchange Commission to approve new diversity rules. The aim is for most Nasdaq-listed firms to...