Ownership and Competition
The emerging phenomenon of common ownership, where one (or a group of) large institutional investors, such as mutual funds or hedge funds, own several companies in the same industry poses a number of major challenges to firm executives, competition regulators and policymakers. The potential impact of common ownership on, for example, competition between firms partly... Read more »
Creditor Rights, Collateral Reuse, and Credit Supply
What was the exact role that the run in the sale and repurchase (“repo”) market played in the financial crisis of 2008-09 and what can we learn about today’s markets? While more than a decade has passed since the financial crisis of 2008-2009, and a lot of research has been conducted on the reasons that... Read more »
Private Equity in the Hospital Industry
Private equity (PE) has been a constant, and growing, phenomenon in corporate finance over the last three decades and its importance is likely to increase in the post-Covid world as firms will find headwinds after the removal of the many government support programs introduced in 2020. One industry that has received significant attention from PE... Read more »