Oxford Business Law Blog

Follow Oxford Business Law Blog

Filter by

OBLB categories

  • Corporate Governance
18 Apr 2019

Regulating Related Party Transactions in Continental Europe: Evidence from Germany

Andreas Engert | Tim Florstedt

Common law jurisdictions pride themselves on having a keen sense of fiduciary relationships and the perils of self-dealing. While the UK’s influence on EU law may recede in the long run, it has left...

OBLB categories

  • Corporate Governance
17 Apr 2019

Corporate Management in the Age of Artificial Intelligence

Martin Petrin

Law and technology-related research has arrived in the world of corporate law, as academics begin to tackle topics like artificial intelligence (AI), increasing automation and robots, Big Data, and...

OBLB categories

  • Commercial Law
  • Corporate Governance
  • Financial Regulation
12 Apr 2019

Creditor Rights, Threat of Liquidation, and the Labour-Capital Choice of Firms

Shahwat Alok | Ritam Chaurey | Vasudha Nukala

The legal protection provided to creditors to enforce their contracts with debtors is central to the functioning of credit markets. These include the rights afforded to lenders in bankruptcy,...

OBLB categories

  • Corporate Governance
  • M&A
11 Apr 2019

The Threat of Intervention

Vyacheslav (Slava) Fos

One of the fundamental issues in modern corporate finance is the problem of separation of firm ownership from control. The gap between management and shareholders is potentially wide, and the danger...

OBLB categories

  • Corporate Governance
05 Apr 2019

Optimal Review of Related Party Transactions: The Case for NCS-dependent Directors

Alessio M. Pacces

Related Party Transactions (RPTs) are transactions between a company and the executives, directors or the controlling shareholder of that company, or their associates (eg a company the related party...

OBLB categories

  • Corporate Governance
  • M&A
02 Apr 2019

Land of the Falling ‘Poison’ Pill: An Analysis of Japan's Defensive Measures

Alan K Koh | Masafumi Nakahigashi | Dan W Puchniak

The advent of the ‘shareholder rights’ plan’, more popularly known as the ‘poison pill’, fundamentally altered the trajectory of American corporate governance. Intended to defend vulnerable boards...

OBLB categories

  • Commercial Law
  • Corporate Governance
01 Apr 2019

A comprehensive reform of insolvency law in Italy

Renato Mangano

A comprehensive reform of insolvency law has been enacted in Italy. This includes inter alia provisions on early warning mechanisms, pre-insolvency and insolvency out-of-court procedures and plan...

OBLB categories

  • Corporate Governance
28 Mar 2019

The New Corporate Social Activism

Tom Lin

Corporations and their executives are actively engaged in many of the leading social issues and debates of the day. Through pronouncements, policies, boycotts, sponsorships, lobbying, and fundraising...

OBLB categories

  • Corporate Governance
  • M&A
22 Mar 2019

The Neglected Role of Justification under Uncertainty in Corporate Governance and Finance

Claire Hill | Alessio M. Pacces

A big corporate governance debate today concerns the so-called short-termism of publicly held companies. In response to actual and anticipated pressure from activist hedge funds, companies, some say...

OBLB categories

  • Corporate Governance
21 Mar 2019

Are we Board-Ready for Blockchain and AI?

Jason Fu

Blockchain and artificial intelligence (AI) are often referenced as key developments for the boardrooms of the future. An increasing amount of academic literature is being produced to examine the...

OBLB categories

  • Corporate Governance
  • Financial Regulation
18 Mar 2019

Proposed regulatory framework of cryptoassets in the UK: A critical analysis

Aurelio Gurrea Martínez

On 23 January 2019, the Financial Conduct Authority (FCA) issued a guidance on cryptoassets (FCA-GC) with the purpose of improving and clarifying the regulatory framework of cryptoassets in the...

OBLB categories

  • Corporate Governance
06 Mar 2019

Shareholder Engagement and Shareholder Voting Modes: Two of a Different Kind

Christoph Van der Elst

In the 2017 Shareholder Rights Directive, the European Commission emphasizes the importance and role of shareholder engagement and, stresses the case of institutional investors and asset managers’...

OBLB categories

  • Corporate Governance
01 Mar 2019

Backlash Threat: The Grip of Nationalism on Corporate Law

Mariana Pargendler

In this article, I document and explain the pervasive influence of nationalist impulses in shaping corporate law around the world and throughout History—a phenomenon which I term “the grip of...

OBLB categories

  • Corporate Governance
27 Feb 2019

The Growing Global Appeal of CEO Pay Ratios and Lessons from the US Experience

Steven A. Bank | George Georgiev

The CEO pay ratio disclosure rule in the United States (US), adopted as part of the Dodd-Frank Act of 2010, was the first of a kind. Applying to publicly-held companies, it requires disclosure of the...

OBLB categories

  • Corporate Governance
27 Feb 2019

How the SEC can Help Mitigate the 'Proactive' Agency Costs of Agency Capitalism

Bernard S Sharfman

In the United States, investment advisers to mutual funds (mutual fund advisers), exchange traded funds, and separately managed accounts are typically delegated the authority to vote their clients’...

OBLB categories

  • Commercial Law
  • Competition/ Antitrust
  • Corporate Governance
26 Feb 2019

Dealing with Corporate Scandal under European Market Abuse Law: The Case of VW

Mario Hössl-Neumann | Andreas Baumgartner

For many years, the continuous disclosure of material information by issuers has been an especially contested topic in financial regulation. The ongoing €9 billion shareholder litigation in the VW/...

OBLB categories

  • Corporate Governance
19 Feb 2019

The Logic and Limits of Stewardship Codes: The Case of Japan

Gen Goto

A stewardship code is a set of principles on how institutional investors should act as shareholders of companies in which they invest. Since the first such code was adopted by the Financial Reporting...

OBLB categories

  • Commercial Law
  • Corporate Finance
  • Corporate Governance
15 Feb 2019

The Costs and Benefits of Shareholder Democracy

Nickolay Gantchev | Mariassunta Giannetti

Firms with strong corporate governance are often likened to democracies. Through their proposals and votes, shareholders can determine the broad direction of a company. However, shareholder...

OBLB categories

  • Corporate Finance
  • Corporate Governance
  • Financial Regulation
14 Feb 2019

Sticking around Too Long? Dynamics of the Benefits of Dual-Class Voting

Roni Michaely | Hyunseob Kim

Both practitioners and academics generally have a dim view of dual-class share structures. For example, when Snap Inc. was preparing for its initial public offering (IPO) in 2017, CalPERS and other...

OBLB categories

  • Corporate Finance
  • Corporate Governance
  • Financial Regulation
08 Feb 2019

Director Bankruptcy Experience and Corporate Risk Taking

Radhakrishnan Gopalan | Todd A. Gormley | Ankit Kalda

In our paper ‘Director Bankruptcy Experience and Corporate Risk Taking’, we evaluate the extent to which a director’s corporate bankruptcy experience affects the policies their firms follow. We begin...
Featured

OBLB categories

  • Competition/ Antitrust
  • Corporate Governance
  • Corporate Tax
06 Feb 2019

Putting Technology to Good Use for Society: The role of corporate, competition and tax law

John Armour, Faculty of Law | Ariel Ezrachi, Pembroke College | Luca Enriques, Faculty of Law | John Vella, Faculty of Law

Innovation and its main output, technology, are changing the way we work, socialise, vote, and live. New technologies have improved our lives and made firms more productive, overall raising living...

Pages

Supported by

Benefactor