This article analyses the effects of board composition on the behavior of a sample of 114 Italian local public utilities, for which information about 1630 directors during 1994--2004 has been collected. This period is particularly interesting because of the legal changes that forced many firms...

This paper analyses the effects of board composition on the behaviour and performance of a sample of 114 Italian local public utilities, for which information about 1630 directors during 1994-2004 has been collected. This period is particularly interesting because of the legal changes that...

This paper focuses on the evolution of violence trends in the three biggest Colombian cities, Bogotá, Medellín, and Cali. Two of those cities, Bogotá and Medellín, were able to cut dramatically their homicide rates, while Cali did not. The taming of violence in Bogotá and Medellín...

The key outcomes of the 2006 Nairobi Conference on Climate Change are described, with a particular emphasis on adaptation, the Clean Development Mechanism (CDM) and the future of the United Nations climate change regime beyond 2012. Based on an analysis of the key issues being negotiated, the...

This paper seeks to explain the circumstances under which using total allowable catch (TAC) as an instrument to manage a fishery along with fishing periods may be of interest from a regulatory point of view. The deterministic analysis by Homans and Wilen (J Environ Econ Manag 32:1–21, <CitationRef CitationID="CR13">1997</CitationRef>)...</citationref>

This article investigates minority expropriation in closely-held firms. Using a sample of Spanish firms for the period from 1996 to 2006, we find that firms that are more vulnerable to minority expropriation have blockholders controlling groups with aggregate equity stakes that are far removed...

This paper investigates how multiple large shareholders share control and extract private benefits in closely-held corporations. We find that ownership structures with multiple large shareholders are common and very stable. Moreover, they seem to be, to a large extent, exogenously given. The...