LSN: Corporations (Topic)最新文献

The JOBS Act and Information Uncertainty in IPO Firms JOBS法案与IPO公司的信息不确定性

LSN: Corporations (Topic) Pub Date : 2017-01-01 DOI: 10.2139/ssrn.2465927

Mary E. Barth, W. Landsman, Daniel J. Taylor

引用次数: 32

Joint Venture Interests as Securities 作为证券的合营权益

LSN: Corporations (Topic) Pub Date : 2016-04-18 DOI: 10.2139/SSRN.2546839

Herrick K. Lidstone

{"title":"Joint Venture Interests as Securities","authors":"Herrick K. Lidstone","doi":"10.2139/SSRN.2546839","DOIUrl":"https://doi.org/10.2139/SSRN.2546839","url":null,"abstract":"Colorado federal and state courts have considered whether joint venture interests offered to participants for oil and gas development are securities subject to regulation under federal and state securities laws seven times since 2011. In the most recent State trial court decision on remand from the Colorado Court of Appeals, the joint venture interests were found to be securities, and the defendants were found to be offering and selling the securities. This decision is now consistent with the Tenth Circuit Court of Appeals, and likely spells the end of the oil and gas joint venture programs structured to avoid securities regulation while still cold-calling a large number of prospective investors, providing nominal management rights, and not requiring industry expertise. In Colorado, the Court of Appeals decision firmly established the \"economic realities\" test as the test to determine whether a transaction involved a security, and eliminated the \"strong presumption\" established in Williamson v. Tucker that a general partnership interest was not a security. consistently with the Tenth Circuit, provided a path for those wishing to form or defend joint ventures to follow. While, as noted by the Court of Appeals, “[courts] look at the expectations...at the time the interest is sold”, meaningful post-sale participation can be an indication of what the parties (and especially the investors) expected at the time of sale.","PeriodicalId":191299,"journal":{"name":"LSN: Corporations (Topic)","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130920184","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Trust and Certification in Financial Markets: Evidence from Reactions to Earnings News 金融市场中的信任与认证:来自盈利新闻反应的证据

LSN: Corporations (Topic) Pub Date : 2016-04-13 DOI: 10.2139/ssrn.2469034

Chishen Wei, Lei Zhang

引用次数: 9

Is the Anti-Corruption Enforcer Itself Corrupt? 反腐执行者本身腐败吗?

LSN: Corporations (Topic) Pub Date : 2015-06-09 DOI: 10.2139/SSRN.2616520

A. Leibold

引用次数: 0

Публичные и Непубличные Хозяйственные Общества – Смысл Деления и Особенности Регулирования (Public and Non-Public Economic Companies - the Meaning of Division and Distinctive Features of Regulation)

LSN: Corporations (Topic) Pub Date : 2015-05-01 DOI: 10.2139/SSRN.2608487

Andrei Glushetskiy

{"title":"Публичные и Непубличные Хозяйственные Общества – Смысл Деления и Особенности Регулирования (Public and Non-Public Economic Companies - the Meaning of Division and Distinctive Features of Regulation)","authors":"Andrei Glushetskiy","doi":"10.2139/SSRN.2608487","DOIUrl":"https://doi.org/10.2139/SSRN.2608487","url":null,"abstract":"Russian Abstract: С целью установить дифференцированные режимы регулирования внутрикорпоративных отношений для обществ, различающихся количеством участников и характером оборота прав участия в них введено деление хозяйственных обществ на публичные и непубличные. В связи с этим развернулась дискуссия о природе критериев публичного общества и порядка их применения. Эта дискуссия имеет огромное практическое значение для судьбы многих акционерных обществ: смогут ли их акционеры воспользоваться возможностями диспозитивного регулирования (свободой внутрикорпоративной самоорганизации) или они будут вовлечены в режим строго императивного регулирования своего поведения.English Abstract: In order to establish differentiated regimes for intra-corporate relations societies differ in the number of participants and the nature of the trafficking of human participation in the division of business entities entered into public and non-public. In this regard, a discussion about the nature of society and the public criteria for their application has emerged. This debate is of great practical importance for the fate of many joint-stock companies: whether their shareholders to take advantage of the disposition of regulation (freedom of intra-self), or they will be involved in the regime of strict mandatory regulation of their behavior.","PeriodicalId":191299,"journal":{"name":"LSN: Corporations (Topic)","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116643312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

How Recent Fiduciary Duty Cases Affect Advice to Directors and Officers of Delaware and Texas Corporations 最近的受托责任案件如何影响对特拉华州和德克萨斯州公司董事和高级管理人员的建议

LSN: Corporations (Topic) Pub Date : 2015-02-14 DOI: 10.2139/ssrn.2408036

B. F. Egan

引用次数: 1

Financial Misconduct, Penalties and Corporate Accountability: Case of Fraud under the U.S. Bank Secrecy Act 金融不端行为、处罚和公司责任:美国银行保密法下的欺诈案例

LSN: Corporations (Topic) Pub Date : 2015-01-22 DOI: 10.2139/SSRN.2554182

M. Ponsford

{"title":"Financial Misconduct, Penalties and Corporate Accountability: Case of Fraud under the U.S. Bank Secrecy Act","authors":"M. Ponsford","doi":"10.2139/SSRN.2554182","DOIUrl":"https://doi.org/10.2139/SSRN.2554182","url":null,"abstract":"This project examines recent and ongoing misconduct in the financial sector and implications for corporate governance and accountability. The misconduct ranges from abusive mortgage trades and misreporting on derivatives losses to manipulation of commodity markets. Major corporations, such as JPMorgan Chase and Morgan Stanley, have paid billions of dollars to regulators in penalties. The research project reviews the events from the perspectives of corporate governance, specifically whether shareholders are penalized for wrongdoing of corporate managers, and how far the regulatory practice of making settlements with the companies promotes accountability and corporate governance. The penalties diminish shareholder wealth and the question is whether shareholders end up as “helpless victims.” The research herein has combined theoretical and empirical methods. The theory part of research includes discussion of various regulatory methods and their efficacy, the justification for the settlements concluded by the corporations with governments, grounds for proposed personal liability against executives, and possible class action lawsuits in the future. The empirical element consists of review of investigative reports, disclosures by the companies, and settlement orders made by regulatory agencies. This helps form an opinion on the culpability of executives and the related issue about whether the costs of misconduct in the form of penalties are passed on to shareholders.","PeriodicalId":191299,"journal":{"name":"LSN: Corporations (Topic)","volume":"76 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132161761","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Governance of Banks in an Era of Regulatory Change and Declining Public Confidence 监管变革和公众信心下降时代的银行治理

LSN: Corporations (Topic) Pub Date : 2014-09-15 DOI: 10.2139/ssrn.2497321

R. Mccormick, Andrea Minto

引用次数: 4

The Influence of Industry Characteristics on Corporate Charters and Bylaws 行业特征对公司章程和细则的影响

LSN: Corporations (Topic) Pub Date : 2014-07-21 DOI: 10.2139/ssrn.2469422

R. Kieschnick, R. Moussawi, Joyce C. Wang

引用次数: 0

Публичные и Непубличные Хозяйственные Общества - Смысл Деления и Особенности Регулирования (The Public and Non-Public Companies - Sense of Division and Feature of Regulation)

LSN: Corporations (Topic) Pub Date : 2014-07-01 DOI: 10.2139/SSRN.2550226

Andrei Glushetskiy

{"title":"Публичные и Непубличные Хозяйственные Общества - Смысл Деления и Особенности Регулирования (The Public and Non-Public Companies - Sense of Division and Feature of Regulation)","authors":"Andrei Glushetskiy","doi":"10.2139/SSRN.2550226","DOIUrl":"https://doi.org/10.2139/SSRN.2550226","url":null,"abstract":"Russian Abstract: в процессе реформирования гражданского законодательства была принята новая классификация юридических лиц и унитарное предприятие. Как часть корпоративными организациями (корпорациями) особое место занимают компаний (акционерных обществ и обществ с ограниченной ответственностью), которые составляют основную часть коммерческих организаций. Новая редакция Гражданского кодекса, в отличие от ранее принятое разделение акционерных обществ на открытие и закрытие вводит новое разделение: на публичные и непубличные компании для дифференциального регулирования их деятельности. В статье исследуется смысл такого разделения хозяйствующих субъектов в государственных и негосударственных, раскрыты особенности регулирования их деятельности, а также анализ других нововведений в регулировании деятельности юридических лиц и особенно корпораций. English Abstract: In the process of reform of the civil legislation adopted a new classification of legal entities and unitary enterprise. As part of corporate entities (corporations) occupy a special place companies (joint stock companies and limited liability companies) account for the bulk of commercial organizations. The new edition of the Civil Code rather than the previously accepted division of joint stock companies at the opening and closing introduces a new division: for public and non-public company for the differential regulation of their activities. The article explores the meaning of such a division of business entities in the public and non-public, disclosed features of the regulation of their activities, as well as analysis of other innovations in the regulation of the activities of legal entities and especially corporations.","PeriodicalId":191299,"journal":{"name":"LSN: Corporations (Topic)","volume":"90 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127047972","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0