E
Erik Berglöf
Researcher at London School of Economics and Political Science
Publications - 75
Citations - 4817
Erik Berglöf is an academic researcher from London School of Economics and Political Science. The author has contributed to research in topics: Corporate governance & European union. The author has an hindex of 33, co-authored 75 publications receiving 4708 citations. Previous affiliations of Erik Berglöf include European Bank for Reconstruction and Development & Université libre de Bruxelles.
Papers
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Short-Term versus Long-Term Interests: Capital Structure with Multiple Investors
TL;DR: In this paper, the problem of financial contracting and renegotiation between a firm and outside investors when the firm cannot commit to future payouts, but assets can be contracted upon was studied, and it was shown that a capital structure with multiple investors specializing in short-term and long-term claims is superior to a structure with only one type of claim.
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The governance structure of the Japanese financial keiretsu
TL;DR: The authors rationalize the cross-holdings of debt and equity within the Japanese keiretsu as a contingent governance mechanism through which internal discipline is sustained over time, and the reciprocal allocation of control rights supports cooperation and mutual monitoring among managers through a coalition-enforced threat of removal from control.
Posted Content
The Great Divide and Beyond - Financial Architecture in Transition
Erik Berglöf,Patrick Bolton +1 more
TL;DR: This article found that financial expansion has in some countries lead to soft budget constraints and undermined growth, and that financial development and growth appear to be jointly determined by fiscal and monetary discipline, at macro level, and contract enforcement, at micro level.
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A Control Theory of Venture Capital Finance
TL;DR: In this article, the authors analyze how an entrepreneur and an external investor allocate revenues and control among themselves in a venture capital relationship, given that they want to liquidate their holdings in the future.
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The Changing Corporate Governance Paradigm: Implications for Transition and Developing Countries
TL;DR: In this article, the authors argue that the focus on the plight of small investors is too narrow when applied to these countries and argue that this group is unlikely to play an important role in most developing and transition countries.