Category Archives: Uncategorized

Communicating Corporate Culture in Labor Markets  

By | December 6, 2022

Finding the right talent for a position is not easy. These days, enticing a good candidate goes far beyond the typical promise of career advancement and a competitive salary. Now, particularly in the aftermath of the COVID-19 pandemic and major movements like Black Lives Matter and the Great Resignation, job seekers are increasingly looking at… Read More »

The Effects of Big Data on Commercial Banks 

By | December 5, 2022

The past decade has witnessed a revolution in the use of massive amounts of data for businesses’ decision-making. According to a report by Forbes, there were 2.5 quintillion bytes of data created each day in 2018. Most of the time, the volume of data is too great for people to handle. Thanks to the advancement… Read More »

Forecasting the How and Why of Corporate Crime’s Demise 

By | December 2, 2022

How would our world function if corporate criminal liability ceased to exist? This was the provocative question posed to the participants in the Journal of Corporation Law’s recently published symposium issue on corporate crime. Several of my colleagues argue for or against corporate crime’s end or survey the aftermath of such an implosion. My contribution… Read More »

The Corporate Design of Investments in Startups: A European Experience 

By | December 1, 2022

In our new paper, we conducted extensive empirical research on more than 5,000 corporate charters of new Italian companies. We aimed to test whether the law reforms of 2012-2017, mainly addressed at the LLC/GmbH-type, were successful in making Italian corporate law more amicable towards startups and venture capital contracting techniques. Our article is part of… Read More »

Sovereign Wealth Fund Investment in Venture Capital, Private Equity, and Real Asset Funds

By | November 30, 2022

In a new paper, we show with a large sample of international data that sovereign wealth funds (SWFs) earn lower returns and are slower to fully liquidate their positions relative to other types of institutional investors. The data comprise 538 SWF investments in venture capital, private equity, and real asset funds from 52 countries from… Read More »

Toxic Emissions and Corporate Green Innovation 

By | November 29, 2022

One negative consequences of industrialization has been the generation and release of toxic chemicals, which have detrimental effects on the environment, climate, and public health. As the world grapples with environmental and climate change challenges, these byproducts are becoming an important issue drawing the attention of investors, scholars, and governments. For instance, toxic emissions are… Read More »

BIG CRYPTO’S BOGUS DEMANDS FOR “REGULATORY CLARITY”

By | November 28, 2022

“Regulatory clarity––yeah––that’s the ticket.” From the moment the FTX bankruptcy debacle began, the Big Crypto cartel has predictably pivoted to their flawed and anemic go-to talking points when any investor suffers crypto-related losses: The SEC is to blame for all crypto-problems, because the SEC has failed to provide the crypto ecosystem with “regulatory clarity.” The SEC consistently violates the due process rights… Read More »

Reasons and Consequences of Cross-Border Mergers and Acquisitions

By | November 24, 2022

One of the most consequential events in any firm’s lifetime is a major acquisition. Because of their importance, mergers and acquisitions (M&A) have been researched extensively. The vast majority of research and survey papers have focused on domestic deals. However, cross-border M&A constitutes about 30% of the total number and 37% of the total volume… Read More »

The Value of Privacy and the Choice of Limited Partners by Venture Capitalists

By | November 23, 2022

Venture capital (VC) firms are notoriously secretive. In a recent paper, we examined the causes and consequences of that preference for secrecy using late-2002 court rulings that forced some of the largest public limited partners (LPs) who invest in VC funds to disclose formerly confidential return information. We show that in response to these rulings,… Read More »

When Do Firms Deliver on the Jobs They Promise in Return for State Aid? 

By | November 17, 2022

US state governments frequently provide firms with targeted subsidies to retain or create jobs within state borders. These subsidies take the form of either direct cash grants or, more commonly, firm-specific tax abatements or tax credits. In our recent study, we examine three questions related to these subsidies: (i) whether firm recipients of state economic… Read More »