New publication with Luca Farè, Michele Meoli and Silvio Vismara, in which we investigate the relation between board size and IPO value before WW1 when investor protection was very weak. We find a substantial relation, especially for firms operating abroad. Open access. doi.org/10.1111/corg...
Research Question/Issue
At the turn of the 20th century, firms raised capital in a highly unregulated market characterized by severe information asymmetries and weak legal protection. In such a cont.....
