This article objects to a recent tendency of legal and economic scholars to "romanticize" the corporate governance role of German universal banks and Japanese main banks. There are potential conflicts between banks' interests as lenders and as shareholders that are likely to make banks...

Just as some lawyers almost killed the takeover market with the invention of the poison pill in the 1980s, others are now about to reinvigorate it with another legal invention. The "shareholder rights bylaw," which promises to be the next major legal battleground in the market for corporate...

The study argues that commercial banks pose unique corporate governance problems for managers and regulators as well as for claimants on the banks' cash flows, such as investors and depositors. The authors support the general principle that fiduciary duties should be owed exclusively to...

The bookpresents different perspectives that explain the prohibition of insider trading and the way it affects various aspects of life on the stock market.

The bookpresents different perspectives that explain the prohibition of insider trading and the way it affects various aspects of life on the stock market.

Countries appear to differ considerably in the basic orientations of their corporate governance structures. We postulate the trade-off between objectivity and proximity as fundamental to the corporate governance debate. We stress the value of objectivity that comes with distance (e.g. the market...

Countries appear to differ considerably in the basic orientations of their corporate governance structures. We postulate the trade-off between "objectivity" and "proximity" as fundamental to the corporate governance debate. We stress the value of objectivity that comes with distance (e.g. the...