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Corporate Governance at Chicago Booth
By Abbie J. Smith
This issue features research by Chicago Booth faculty that goes beyond the traditional focus to consider the influence of lenders, laws, and regulators on firms' activities, and conflicts of interest among a firm's shareholders.
Lenders in Charge
The Role of Creditors in Corporate Governance
Research by Amir Sufi
Largely overlooked, creditors exert more control over companies than previously thought.
Syndicate Loans and Inside Information
Research by Abbie J. Smith and Regina Wittenberg-Moerman
Participating in a syndicated loan may be far more valuable to institutional investors than simply the return on lending money.
The Impact of Banking Deregulation on Economic Growth
Research by Marianne Bertrand
Drastically reducing government intervention in banks' lending decisions can lead to a better allocation of credit and faster economic growth.
The Conflict of Interest between Shareholders
Research by Gregor Matvos
When voting on a merger, shareholders of the acquiring firm may not always act in the best interest of the company.
Attracting Foreign Capital
Why Foreigners Invest Less in Poorly Governed Firms
Research by Christian Leuz
Firms with weak corporate governance are much harder and more costly for foreign investors to figure out.
Corporate Governance and Innovation
Research by Haresh Sapra
To get companies to innovate, anti-takeover laws must either be absent or very severe.