International Review of Law and Economics最新文献_第4页

The impact of antitrust enforcement on China’s digital platforms: Evidence from SAMR v. Alibaba 反垄断执法对中国数字平台的影响：来自SAMR诉阿里巴巴的证据

IF 0.9 3区社会学

International Review of Law and Economics Pub Date : 2025-09-01 Epub Date: 2025-05-03 DOI: 10.1016/j.irle.2025.106268

Kenneth Khoo , Sinchit Lai , Chuyue Tian

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引用次数: 0

(Not) Canceling out the cross-section: Mitigating the effect of peremptory challenges on jury selection （不）取消横截面：减轻强制性质疑对陪审团选择的影响

IF 0.9 3区社会学

International Review of Law and Economics Pub Date : 2025-06-01 Epub Date: 2025-03-07 DOI: 10.1016/j.irle.2025.106259

Francis X. Flanagan

引用次数: 0

Balancing power and performance: The role of managerial rent in competitive advantage 权力与绩效的平衡：管理租金在竞争优势中的作用

IF 0.9 3区社会学

International Review of Law and Economics Pub Date : 2025-06-01 Epub Date: 2025-03-05 DOI: 10.1016/j.irle.2025.106258

Chandra S. Mishra

引用次数: 0

News flow as a determinant of the voting premium of dual-class shares 新闻流对双层股权表决权溢价的决定作用

IF 0.9 3区社会学

International Review of Law and Economics Pub Date : 2025-06-01 Epub Date: 2025-04-26 DOI: 10.1016/j.irle.2025.106270

Hubert de La Bruslerie

引用次数: 0

Did recreational marijuana legalization increase crime in the long run? 从长远来看，娱乐性大麻合法化会增加犯罪吗？

IF 0.9 3区社会学

International Review of Law and Economics Pub Date : 2025-06-01 Epub Date: 2025-01-17 DOI: 10.1016/j.irle.2025.106246

Sunyoung Lee

引用次数: 0

Can independent directors effectively monitor related party transactions? Evidence from Hong Kong 独立董事能否有效监督关联交易？来自香港的证据

IF 0.9 3区社会学

International Review of Law and Economics Pub Date : 2025-06-01 Epub Date: 2025-03-16 DOI: 10.1016/j.irle.2025.106261

Hong Huang , Charles Zhen Qu , Haitian Lu

{"title":"Can independent directors effectively monitor related party transactions? Evidence from Hong Kong","authors":"Hong Huang , Charles Zhen Qu , Haitian Lu","doi":"10.1016/j.irle.2025.106261","DOIUrl":"10.1016/j.irle.2025.106261","url":null,"abstract":"<div><div>This paper empirically investigates whether independent directors of Hong Kong listed companies effectively monitor related party transactions (“RPTs”). We employ a quasi-experimental approach, utilizing a mandatory rule introduced in 2004 that changed the minimum number of independent directors, and enhanced the independence and qualification requirements of independent directors for listed companies. Using a triple-differences setup, we find that companies affected by these new requirements experienced a significant increase in the value of announced RPTs. This positive effect is observed both in companies affected by all aspects of the reform and in those that only needed to increase their number of independent directors. We also observe that return on assets for the affected companies increased significantly following the rule change. However, these affected companies showed no significant reduction in their preference for RPTs. Our findings underscore the positive value created by independent directors of Hong Kong listed companies in vetting RPTs. They suggest that, within an appropriately structured regulatory framework, independent directors, even where the company is owner-controlled, can be effective in enhancing shareholder value. As the regulatory framework resulted from the 2004 reform has remained largely unchanged, our findings are still relevant for Hong Kong and offer valuable insights on the function of independent directors for other jurisdictions, particularly those with ownership-concentrated markets seeking to enhance their RPT monitoring mechanisms.</div></div>","PeriodicalId":47202,"journal":{"name":"International Review of Law and Economics","volume":"82 ","pages":"Article 106261"},"PeriodicalIF":0.9,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143769187","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Corporate control: Persistence and the shifting role of control-enhancing mechanisms in Italian listed firms (1978–2018) 公司控制：意大利上市公司控制增强机制的持久性和角色转换（1978-2018）

IF 0.9 3区社会学

International Review of Law and Economics Pub Date : 2025-06-01 Epub Date: 2025-03-16 DOI: 10.1016/j.irle.2025.106260

Silvia Rigamonti

引用次数: 0

Reinforcing data protection and competition through art. 6(2) of the Digital Markets Act 通过《数字市场法》第 6(2)条加强数据保护和竞争数字市场法》第 6(2)条

IF 0.9 3区社会学

International Review of Law and Economics Pub Date : 2025-06-01 Epub Date: 2025-04-01 DOI: 10.1016/j.irle.2025.106265

Peter J. van de Waerdt

{"title":"Reinforcing data protection and competition through art. 6(2) of the Digital Markets Act","authors":"Peter J. van de Waerdt","doi":"10.1016/j.irle.2025.106265","DOIUrl":"10.1016/j.irle.2025.106265","url":null,"abstract":"<div><div>With the Digital Markets Act (DMA) the European Union has taken significant steps in the regulation of large digital market ecosystems. Data protection and competition law are becoming increasingly intertwined, and the DMA’s goals are tightly aligned with them. However, the provision explicitly intended to address the use (and cross-use) of data within gatekeepers’ ecosystems leaves much to be desired. Art. 5(2) DMA offers no substantive new obligations over the established GDPR system, especially in light of the ECJ’s judgement in <em>Meta v. Bundeskartellamt</em>. Furthermore, the consent exception on which it relies leaves a distinct risk of anti-competitive effects and decreasing privacy as a result of information asymmetries and the powerful market position of gatekeepers. However, art. 6(2) DMA also restricts gatekeepers’ ability to use data, if it was received through gatekeepers’ business users. The protective value of the DMA can be significantly increased if the European Commission adopts broad interpretations of when data is used “in competition with business users”, when it is “collected through commercial activities of business users or their customers” and when it is obtained “on the relevant core platform services or on services provided together with, or in support of, the relevant core platform services of the gatekeeper”. Doing so would conform to the interconnected nature of ecosystems’ data collection practices and their competitive position, and it would bolster the Commission’s ability to act against both the anti-competitive effects and potential privacy infringements of data pooling, above and beyond what art. 5(2) DMA offers.</div></div>","PeriodicalId":47202,"journal":{"name":"International Review of Law and Economics","volume":"82 ","pages":"Article 106265"},"PeriodicalIF":0.9,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143816972","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

When do governments attack the judiciary? The explanatory power of political corruption 政府什么时候攻击司法？政治腐败的解释力

IF 0.9 3区社会学

International Review of Law and Economics Pub Date : 2025-06-01 Epub Date: 2025-02-19 DOI: 10.1016/j.irle.2025.106248

Aylin Aydin-Cakir , Ebru İlter Akarçay

{"title":"When do governments attack the judiciary? The explanatory power of political corruption","authors":"Aylin Aydin-Cakir , Ebru İlter Akarçay","doi":"10.1016/j.irle.2025.106248","DOIUrl":"10.1016/j.irle.2025.106248","url":null,"abstract":"<div><div>In recent decades, the world has witnessed various examples of elected governments verbally attacking the judiciary, accusing judges of bias, or claiming that court decisions are politically motivated. Despite the prevalence of such court-curbing practices, we know very little about when exactly governments decide to verbally attack the judiciary. Focusing on the effect of political corruption, the objective of this study is to understand 1) whether and, if so, how corruption affects governments’ attacks on the judiciary and 2) whether and, if so, how its effect changes across different political contexts. We argue that in countries with fully or partially independent media, verbal attacks on the judiciary would increase with the level of corruption. However, in regimes where the media is not independent, political corruption would not have a significant effect on attacks on the judiciary. We conduct a time-series cross-sectional analysis across 165 countries (1991–2022) to test our hypotheses. The empirical results support our hypotheses. To better understand the causal mechanisms through which corruption and media independence together trigger governments’ verbal attacks on the judiciary, we compare the cases of Argentina, Brazil, and Venezuela in the second part of the study.</div></div>","PeriodicalId":47202,"journal":{"name":"International Review of Law and Economics","volume":"82 ","pages":"Article 106248"},"PeriodicalIF":0.9,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143436673","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Ex-ante versus Ex-post in competition law enforcement: Blurred boundaries and economic rationale 竞争执法中的事前与事后：模糊的边界和经济原理

IF 0.9 3区社会学

International Review of Law and Economics Pub Date : 2025-06-01 Epub Date: 2025-03-27 DOI: 10.1016/j.irle.2025.106264

Patrice Bougette , Oliver Budzinski , Frédéric Marty

引用次数: 0