Why firms from around the world seek to cross-list their shares on overseas exchanges has
intrigued scholars during the past two decades. A general dissatisfaction with the …

What forces explain corporate structure and shareholder behavior? For decades this
question has gone unasked, as both corporate law scholars and practitioners tacitly …

This paper examines the hypothesis that non-US firms cross-list in the United States to
increase protection of their minority shareholders. Cross-listing on the NYSE or Nasdaq …

The study tests the functional convergence hypothesis, which states that foreign firms can
leapfrog their countries' weak legal institutions by listing equities in New York and agreeing …

There has long prevailed a conventional wisdom rationalizing why firms pursue overseas
listings. It argues that firms seek such opportunities to benefit from a lower cost of capital that …

* Assistant Professor of Law, Harvard Law School. I would like to thank the participants in the
1997 Tax Law Review Symposium on Taxation and Electronic Commerce (especially my …

Richard Posner wrote in 1986 that the law and economics movement is “perhaps the most
important development in legal thought in the last quarter century." Through its application of …

In their seminal survey of corporate governance, Shleifer and Vishny distill the issue into a
blunt question:" How do [the suppliers of finance] make sure that managers do not steal the …

This article describes the transformations underwent by the corporate form from its Roman
origins to the present. It shows that every time there was a shift in the role of the corporation …

Almost daily we are subject to phone calls, mail, or electronic communications from
organizations trying to sell us services or solicit our money. How do they get our numbers …