Private Companies: The Missing Link on The Path to Net Zero

Gözlügöl, Alperen Afşin; Ringe, Wolf-Georg

doi:10.2139/ssrn.4065115

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Additional Inefficiencies From Regulating Public or Private ...1

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2024

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Cited by 4 publications

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“…triggering a defeating market response to the original intervention). 174 This approach also holds in other contexts such as conflict minerals or resource extraction payment disclosures where regulators embrace non-financial objectives and utilize disclosure obligations and their enforcement framework to pursue social goals. 175 Information is a non-excludable good.…”

Section: Additional Inefficiencies From Regulating Public or Private ...mentioning

confidence: 99%

The Oscillating Domains of Public and Private Markets

2023

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Section: Additional Inefficiencies From Regulating Public or Private ...mentioning

confidence: 99%

The Oscillating Domains of Public and Private Markets

2023

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ESG Initiatives and Directors’ Fiduciary Duties

Latella

2023

Palgrave Studies in Impact Finance

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Empirical Evidence for the Continuing Need to ‘Think Small First’ in UK Company Law

Hardman

Santos

2022

Eur Bus Org Law Rev

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The most recent UK corporate law restatement has its stated aim to ‘think small first’ in company law legislation. This article is the first to use data science and imaging techniques to provide an empirical snapshot of the entire UK corporate database. It identifies the continuing need to think small first: most companies are small when tested by corporate type (public v private) and type of accounts publicly filed. We then factor in time series, which evidences that most companies are newer and smaller companies. This article then identifies the implications of this novel empirical analysis. First, corporate law analysis tends to ‘think big first’, and will either need to justify such an approach or change it. Second, a large number of companies provide no public financial information due to inherent time lag. The sheer scale of new companies challenges this approach. Third, the UK should provide a corporate governance framework for smaller companies. Fourth, the UK’s corporate accounting regime thinks small first in substance, but its form needs to be simplified to truly think small first. Fifth, whilst more mortgages were granted by smaller companies, larger companies granted more mortgages per company: so arguably corporate finance bucks the trend for the need to think small first.

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Private Companies: The Missing Link on The Path to Net Zero

Cited by 4 publications

References 0 publications

The Oscillating Domains of Public and Private Markets

The Oscillating Domains of Public and Private Markets

ESG Initiatives and Directors’ Fiduciary Duties

Empirical Evidence for the Continuing Need to ‘Think Small First’ in UK Company Law

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