CEO overconfidence and the level of short-selling activity

Review of Quantitative Finance and Accounting - This study examines the impact of CEO overconfidence on the level of short-selling activity, as proxied by the short interest ratio. This research...     

Profitability and size of newly established firms

International Entrepreneurship and Management Journal - Does size matter for new firms and do they need to be large to be profitable? From small to large firms, a wide range of arguments have...     

The Pricing Structure of Legal Services: Do Lawyers Offer What Clients Want?

Review of Industrial Organization - We analyze clients’ contract choices in auctions where Dutch law firms compete for standard cases such as labor disputes for individuals and collecting...     

Regulating Data Privacy and Cybersecurity

This paper studies firms' data privacy and cybersecurity choices. We emphasise the strategic interdependence between these decisions and demonstrate that security in both the market equilibrium and the social optimum tends to be higher when data is shared. We also identify important market failures in the sense that firms tend to under-invest in security and over-share data. Our welfare analysis of a minimum security standard, disclosure and consumer education policies, liability rules and consumer mitigation strategies highlights the need for a co-ordinated approach to regulation.