This is the long-awaited third edition of this highly regarded comparative overview of
corporate law. This edition has been comprehensively revised and updated to reflect the …

In recent years, scholars and policymakers have rediscovered the concept of industrial
districts-spatial concentrations offirms in the same industry or related industries. In this …

This Article offers a novel theory of corporate control. It does so by shedding new light on
corporate-ownership structures and challenging the prevailing model of controlling …

Independent directors are an important feature of modern corporate law. Courts and
lawmakers around the world increasingly rely on these directors to protect investors from …

This paper examines two potentially contradictory effects of the presence of controlling
shareholders. Controlling shareholders have been shown to be beneficial, as they generally …

Comparative corporate governance has focused either on prevailing differences across
legal systems or on spontaneous legal transplants of foreign institutions in response to …

This chapter surveys fiduciary principles in Western European civil law jurisdictions.
Focusing on France and Germany, we suggest that functional equivalents to fiduciary duties …

Purpose High ownership concentration makes controlling blockholders powerful enough to
use private benefits of control and able to shape the corporate governance system to favor …

We use a sample of French firms over the period 2001–2017 to investigate the relationship
between board gender diversity and related‐party transactions (RPTs). Although some of …

In an environment where concentrated share ownership is the norm, we ask whether
Majority-of-the-Minority (MoM) votes curb controlling shareholder overreach and investment …