article thumbnail

The Market for Corporate Criminals

Harvard Corporate Governance

As a result, this problem could represent social cost in that one of corporate law’s key mechanisms for addressing business deficiencies—the market for corporate control—might fail when the deficiency in question is a culture of lawbreaking.

article thumbnail

Do Equity Markets Care About Income Inequality? Evidence from Pay Ratio Disclosure

Harvard Corporate Governance

financial markets and shareholders assess the dispersion in pay between a firm’s top executives and rank-and-file employees. We find that firms reporting a higher pay ratio experience a significantly lower market reactions than firms reporting a lower pay ratio. However, it is largely unknown how U.S. more…).

Equity 225
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Murder on the City Express – Who is Killing the London Stock Exchange’s Equity Market?

Harvard Corporate Governance

As private corporations have found it easier in recent years to raise capital from the private markets, the number of public firms listed on U.S. Why tap public investors for finance, and become exposed to burdensome regulation and the vicissitudes of the public markets, when growth can be sustained with private capital?

article thumbnail

From protection to promotion: The new age of industrial policy

Mckinsey and Company

Government subsidies, investment incentives, and other industrial-policy actions have almost quadrupled since 2017. Heres how business leaders can navigate the impact of industrial policy on their markets.

article thumbnail

How Much Do Investors Care About Social Responsibility?

Harvard Corporate Governance

Perhaps the most important corporate law debate over the last several years concerns whether directors and executives should manage corporations to maximize value for investors, or to also take into account the interests of other stakeholders or society (see, e.g., Hart and Zingales, 2017 ; Bebchuk and Tallarita, 2020 ; Rock, 2021 ).

article thumbnail

Uzbekistan Minister Laziz Kudratov On Country’s Sweeping Economic Makeover

Global Finance

We have unified the exchange rate and liberalized the forex market, making it easier for international partners to do business here, including through public-private partnerships and outsourcing. Since the reforms began in 2017, the sector has welcomed investments totaling $9.8 From 2017 to 2023, we attracted $9.7

Start-ups 116
article thumbnail

Board Gender Diversity

Harvard Corporate Governance

To understand market-specific challenges and equip companies with best practices for diversifying boards, we recently conducted an engagement campaign with portfolio companies in markets that have relatively high or low representation of women directors compared to their economic and regional peers. more…).