Corporate insolvency in Europe

Corporate taxes in Europe

Law and Corporate Boards: Evidence from Europe

When minority shareholder laws are strong, then minority shareholders should have more power to affect board composition and structure. Therefore, countries with strong minority shareholder laws should have ‘good’ corporate boards of directors (i.e., one that looks out for minority shareholders’ bests interests). Assuming that boards with independent directors and fewer directors are indicative...

Corporate Failure Rates and the Impact of the 1986 Insolvency Act : An Econometric Analysis

There have been a number of studies that have sought to understand the pattern of aggregate business failure rates and model the macro-economic determinants of aggregate corporate liquidations in the UK. This paper uses quarterly data (1961.1-1998.2) on failure rates and potential macroeconomic determinants to build a time-series econometric model which explicitly tests for the impact of change...

Beta-convergence and sigma-convergence in corporate governance in Europe

Article history: This paper tests for beta-convergence and sigma-convergence in the corporate governancemodels, using a samAccepted 12 July 2012 ple of corporate governance ratings for 198 European corporations listed on the FTSE Eurofirst 300 index. A piecewise linear regression is deployed to select amodel and the Poisson pseudo-maximum likelihood estimator JEL classification: is also applied...

Corporate Social Responsibility in Europe: Analyzing Business in Transnational Contexts

Ever since the European Commission (EC) defined what “corporate social responsibility” is, European debate has taken up the definition as given. However a brief review of literature soon highlights that the adopted definition has given rise to some relevant concerns and is not without its critics. These criticisms might relate to the fact that literature on the issue is mainly produced by Ameri...