Oxford Business Law Blog

On Friday 12 June, the universities of Edinburgh and Glasgow (the Corporate and Financial Law Research group) jointly hosted a full-day webinar entitled ‘Does the global pandemic signal a paradigm...

In October 2019, the European Union approved the Directive 2019/1937 on the protection of whistle-blowers (the Directive). As analysed in my previous blogpost and, in more detail, in my article ‘A...

As shown by the law and finance literature, most Latin American companies have concentrated ownership structures with controlling shareholders (La Porta et al, 1998, 1999). As a result, the primary...

The stock markets of Hong Kong and Singapore are characterised by companies with concentrated shareholdings. In addition, they routinely attract issuers whose assets and businesses are located...

It has become fashionable to extoll the benefits of an incumbent controlling shareholder in companies. Indeed, many of the failures of the stewardship movement, that encourages shareholders in UK...

From January 2018, a new version of the premium listing eligibility requirements will come into force. Notably, a new concessionary route for property companies will be introduced. Chapter 6 has been...

In two of the most prominent regional groupings in the world today, the age of heavy dependency on bank financing is now on the decline. Prompted by two different financial crises, namely the 1997...

In the wake of the Asian financial crisis of 1997, the Association of South-East Asian Nations (‘ASEAN’) worked towards setting up the ASEAN Economic Community (‘AEC’) to establish ASEAN as a single...

The financial crisis in Greece has vastly affected the Greek banking system, and hence, the financing opportunities of domestic entrepreneurs and companies. Against this background, on 1 September...

The FCA has published various proposals to reshape and enhance the UK's primary markets. The publications form a key part of the FCA's wider work on improving the efficiency and effectiveness of the...

One of the key actions of the Capital Markets Union (hereinafter ‘CMU’) was the revision of the Prospectus Directive. On 7 December 2016, the European Parliament, the Council and the European...

When European banks were hit by financial calamity, a lack of alternative funding arrangements deepened the crisis. Stronger European capital markets would have changed that picture, because savers...

For over eighty years, US security laws have focused on mandating disclosures to protect investors. The efficacy of this strategy has been hotly debated for decades. Equity crowdfunding as it was...

Over a decade has passed since the EU mandated International Financial Reporting Standards (‘IFRS’) for all companies listed on the main European stock exchanges in 2005. Several other countries have...

The European Commission (EC) is today taking stock of the progress made in the first six months since the adoption of the Capital Markets Union (CMU) Action Plan and it is publishing the first CMU...

In our paper “The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research”, Peter Wysocki and I review the empirical literature on the economic...

Companies’ earnings conference calls are perceived to be venues for sell-side equity analysts to ask management questions. In this study, we examine another important conference call participant—the...