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Full-Text Articles in Law and Economics
Covid-19 Risk Factors And Boilerplate Disclosure, Stephen J. Choi, Mitu Gulati, Xuan Liu, Adam C. Pritchard
Covid-19 Risk Factors And Boilerplate Disclosure, Stephen J. Choi, Mitu Gulati, Xuan Liu, Adam C. Pritchard
Law & Economics Working Papers
The SEC mandates that public companies assess new information that changes the risks that they face and disclose these if there has been a “material” change. Does that theory work in practice? Or are companies copying and repeating the same generic disclosures? Using the shock of the COVID-19 pandemic, we explore these questions. Overall, we find considerable rote copying of boilerplate disclosures. Further, the factors that correlate with deviations from the boilerplate seem related more to the resources that companies have (large companies change updated disclosures more) and litigation risks (companies vulnerable to shareholder litigation update more) rather than general …
Urgensi Pengaturan Rapat Umum Pemegang Saham Secara Elektronik Di Tengah Pandemi Covid-19, Hafit Rusli
Urgensi Pengaturan Rapat Umum Pemegang Saham Secara Elektronik Di Tengah Pandemi Covid-19, Hafit Rusli
"Dharmasisya” Jurnal Program Magister Hukum FHUI
This research analyze arrangement regarding implementation of electronic RUPS to respond enactment of Pembatasan Sosial Berskala Besar (PSBB) in Indonesia during COVID-19 pandemic. This is a juridical normative research that will be focused on library research that examine legal principles, systematic system of law, and legal synchronization by analyzing the urgency to issue rules and regulation related to implementation of electronic RUPS. Unless to the public company, there is no technical regulation which specifies implementation of electronic RUPS. Terms and conditions of electionic RUPS in the Law No.40 Year 2007 regarding Limited Liability Law could rises misunderstanding to the stakeholders …
How To Help Small Businesses Survive Covid-19, Todd Baker, Kathryn Judge
How To Help Small Businesses Survive Covid-19, Todd Baker, Kathryn Judge
Faculty Scholarship
Small businesses are among the hardest hit by the COVID-19 crisis. Many are shuttered, and far more face cash flow constraints, raising questions about just how many will survive this recession. The government has responded with a critical forgivable loan program, but for many of these businesses, this program alone will not provide the cash they need to retain workers, pay rent, and help their business come back to life when Americans are no longer sheltering in place. This essay calls on regulators to find new and creative ways to work with existing intermediaries, including banks and online lenders, who …
Executive Underreach, In Pandemics And Otherwise, David E. Pozen, Kim Lane Scheppele
Executive Underreach, In Pandemics And Otherwise, David E. Pozen, Kim Lane Scheppele
Faculty Scholarship
Legal scholars are familiar with the problem of executive overreach, especially in emergencies. But sometimes, instead of being too audacious or extreme, a national executive's attempts to address a true threat prove far too limited and insubstantial. In this Essay, we seek to define and clarify the phenomenon of executive underreach, with special reference to the COVID-19 crisis; to outline ways in which such underreach may compromise constitutional governance and the international legal order; and to suggest a partial remedy.