Center for the Study of Financial Market Evolution
Interviews
Corporate Governance
An edited transcript of a response by Ed Blount, Executive Director, Center for the Study of Financial Market Evolution, and ASTEC Consulting, New York, in a webcast with Professor Henry Hu, University of Texas Law School, Austin, Texas, and Mr. Christopher Kunkle, Vice President of JP Morgan Chase Bank, New York, on March 21, 2007, as moderated by Ms. Diana Bourke, Executive Vice President of Institutional Shareholder Services, ISS Governance Forums. (full article)
Studies
Mergers and Acquisitions
“It is not illegal for hedge funds to manipulate share prices,” said the July 29th Sunday Times. “Borrowing stock delivers voting rights at a fraction of the cost, [and] suspicions have been raised that groups of traders are trying to manipulate the outcome of the ABN takeover.” (full article)
Liability Dynamics
After the collapse of Bear Stearns and Lehman Brothers, investors were shocked to learn that even senior executives failed to appreciate how vulnerable their firms were when denied access to short-term funding markets. Similar funding denials preceded the de facto collapses, shotgun mergers, or bailouts of other large investment banks, as well as AIG, Citigroup, Fannie Mae, and Freddie Mac. (full article)