Oxford Business Law Blog

The Spanish Ministry of Economy has recently released a new bill that, among other aspects, proposes an amendment of the Spanish Companies Act to allow listed companies to adopt loyalty shares. These...

On 1 July 2018 the FCA (the Financial Conduct Authority, the UK’s financial services regulator) introduced a new category of premium listing exclusively available to equity issuers that qualify as ‘...

Addressing entrenched inequality is a pressing matter in India. It appears to acquire special urgency every five years, when a general election beckons. If 2013 saw the enactment of a mandatory...

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...

Minority shareholders tend not to participate in the decision-making process of public companies with a controlling shareholder, and their voice is rarely heard. Even when they disagree with how the...

In a recent paper titled ‘Estimating the Value of Absolute Power: Evidence from Judiciary Decision Event on Controlling Shareholders in Large Business Group’, we analyse the effects of judicial...

In our recent paper, “Does the Professional Manager Blow the Whistle on Founding Families? New Evidence on the Dark Side of Family-Controlled Firm”, we examine the observed patterns and outcomes of...

The main agency problem traditionally existing in the US corporation has been the risk of opportunism of managers vis-à-vis shareholders. In Continental Europe, however, the primary concern in...

Our paper “Strong Shareholders, Weak Outside Investors” (available here), analyses the differential regulatory environment that controlling shareholders face in Europe, compared to the US...