This Element investigates the historical and systemic roots of hedge-fund activism. It argues that the spirit of the New Deal financial regulations was subverted in the 1980s and 1990s in the name of shareholder democracy and opened the door for the rise of hedge-fund activism. It analyzes the...

This study investigates the unexplored nexus between rhetorical nationalism and corporate tax avoidance. Analyzing Chinese firms from 2010 to 2022, it shows that companies with pronounced nationalistic rhetoric are significantly more prone to engage in tax avoidance. This finding highlights the...

Effective investment in skills and ALMPs has been shown to increase employment, competitiveness, and productivity. It can foster economic growth and reduce labour mismatches and shortages by equipping workers with relevant skills, supporting job transitions, and strengthening labour market...

This paper presents a macroeconomic evaluation of the impact of the Horizon 2020 funds, carried out using the spatial dynamic general equilibrium model RHOMOLO. The policy disbursement data used to feed the model relate to the actual use of the funds over the period 2014-2021, so this is...

InvestEU pursues the EU's economic, social and environmental objectives through investment support, succeeding the Investment Plan for Europe. The InvestEU Fund - the financial pillar of Inves-tEU - is expected to mobilise more than EUR 372 billion of investment in the EU thanks to a EUR 26.2...