Marco Becht

Solvay Brussels School of Economics and Management (ULB)

Professor of Finance

42 Avenue F. D. Roosevelt

1050

Brussels, 1050

Belgium

http://www.solvay.edu/profile/marcobecht

European Corporate Governance Institute (ECGI)

Executive Director and Fellow

Palace of the Academies

Rue Ducale 1 Hertogstraat

Brussels, 1000

Belgium

http://www.ecgi.global/users/marco-becht

Centre for Economic Policy Research (CEPR)

Research Fellow

London

United Kingdom

SCHOLARLY PAPERS

24

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71,742

SSRN CITATIONS
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Top 3,456

in Total Papers Citations

377

CROSSREF CITATIONS

145

Scholarly Papers (24)

1.
Downloads 42,678 ( 77)
Citation 115

Corporate Governance and Control

Number of pages: 128 Posted: 31 Oct 2002
Marco Becht, Patrick Bolton and Ailsa Röell
Solvay Brussels School of Economics and Management (ULB), Imperial College London and Columbia University, School of International and Public Affairs
Downloads 42,350 (77)
Citation 128

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Corporate governance, ownership, takeovers, block holders, boards

Corporate Governance and Control

NBER Working Paper No. w9371
Number of pages: 168 Posted: 06 Dec 2002 Last Revised: 11 Aug 2022
Marco Becht, Patrick Bolton and Ailsa Röell
Solvay Brussels School of Economics and Management (ULB), Imperial College London and Columbia University, School of International and Public Affairs
Downloads 328 (170,913)
Citation 24

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2.

Returns to Shareholder Activism: Evidence from a Clinical Study of the Hermes U.K. Focus Fund

ECGI - Finance Working Paper No. 138/2006, London Business School Finance Working Paper No. FIN462
Number of pages: 70 Posted: 04 Dec 2006 Last Revised: 03 Sep 2023
Solvay Brussels School of Economics and Management (ULB), London Business School - Institute of Finance and Accounting, University of Oxford - Said Business School and Bocconi University
Downloads 6,131 (2,423)
Citation 32

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Shareholder activism, institutional investors, real authority

3.
Downloads 4,164 ( 4,724)
Citation 67

Returns to Hedge Fund Activism: An International Study

Review of Financial Studies, Forthcoming, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 402/2014
Number of pages: 59 Posted: 11 Jan 2014 Last Revised: 16 Apr 2023
Solvay Brussels School of Economics and Management (ULB), London Business School - Institute of Finance and Accounting, London School of Economics and Bocconi University - Department of Finance
Downloads 4,162 (4,641)
Citation 75

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Shareholder activism, hedge funds, active ownership, institutional investors

The Returns to Hedge Fund Activism: An International Study

CEPR Discussion Paper No. DP10507
Number of pages: 66 Posted: 24 Mar 2015
Solvay Brussels School of Economics and Management (ULB), London Business School - Institute of Finance and Accounting, London School of Economics and Bocconi University - Department of Finance
Downloads 2 (1,169,066)
Citation 1
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active ownership, hedge funds, institutional investors, shareholder activism

Where Do Firms Incorporate? Deregulation and the Cost of Entry

ECGI - Law Working Paper No. 70/2006, Journal of Corporate Finance, Vol. 14, No. 3, 2008
Number of pages: 44 Posted: 02 Jun 2006
Marco Becht, Colin Mayer and Hannes F. Wagner
Solvay Brussels School of Economics and Management (ULB), University of Oxford - Said Business School and Bocconi University - Department of Finance
Downloads 2,707 (9,292)
Citation 11

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Incorporation, costs of regulation, regulatory competition

Where Do Firms Incorporate?

CEPR Discussion Paper No. 5875
Number of pages: 49 Posted: 27 Dec 2006
Marco Becht, Colin Mayer and Hannes F. Wagner
Solvay Brussels School of Economics and Management (ULB), University of Oxford - Said Business School and Bocconi University - Department of Finance
Downloads 42 (786,860)
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Incorporation, entrepreneurship, financial regulation, regulatory competition

5.

Hedge Fund Activism in Europe

ECGI - Finance Working Paper No. 283/2010
Number of pages: 47 Posted: 09 Jun 2010
Marco Becht, Julian R. Franks and Jeremy Grant
Solvay Brussels School of Economics and Management (ULB), London Business School - Institute of Finance and Accounting and University of Cambridge
Downloads 2,478 (10,881)
Citation 36

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Shareholder Activism, Hedge Funds, Active Ownership, Institutional Investors

6.

Reciprocity in Takeovers

ECGI - Law Working Paper No. 14/2003
Number of pages: 34 Posted: 04 Nov 2003
Marco Becht
Solvay Brussels School of Economics and Management (ULB)
Downloads 1,647 (20,774)
Citation 9

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European takeover directive, break-through rule, reciprocity in takeovers, ownership structure, takeover defenses, voting rights, contestability of corporate control

7.

Voice Through Divestment

European Corporate Governance Institute – Finance Working Paper No. 900, 2023
Number of pages: 57 Posted: 13 Mar 2023 Last Revised: 26 Jul 2023
Marco Becht, Anete Pajuste and Anna Toniolo
Solvay Brussels School of Economics and Management (ULB), Stockholm School of Economics, Riga and Harvard University - Harvard Law School
Downloads 1,457 (25,125)
Citation 5

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Divestment, fossil free, carbon budget, shareholder engagement, responsible investment, climate change, carbon premium, economic narratives, net-zero commitments, social preferences, tweets as data

The Benefits of Access: Evidence from Private Meetings with Portfolio Firms

European Corporate Governance Institute – Finance Working Paper No. 751/2021
Number of pages: 64 Posted: 21 Apr 2021 Last Revised: 10 Apr 2024
Solvay Brussels School of Economics and Management (ULB), London Business School - Institute of Finance and Accounting and Bocconi University - Department of Finance
Downloads 1,353 (27,457)

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active investors, trading, institutional investors, corporate governance, stewardship, active ownership, shareholder voting, analysts, fund managers

The Benefits of Access: Evidence from Private Meetings with Portfolio Firms

CEPR Discussion Paper No. DP16337
Number of pages: 68 Posted: 14 Jul 2021
Solvay Brussels School of Economics and Management (ULB), London Business School - Institute of Finance and Accounting and Bocconi University - Department of Finance
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Citation 1
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9.

Corporate Governance Through Voice and Exit

European Corporate Governance Institute – Finance Working Paper No. 633/2019
Number of pages: 75 Posted: 09 Oct 2019 Last Revised: 12 Nov 2022
Solvay Brussels School of Economics and Management (ULB), London Business School - Institute of Finance and Accounting and Bocconi University - Department of Finance
Downloads 1,337 (28,479)
Citation 8

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asset management, active ownership, corporate stewardship, shareholder monitoring, shareholder engagement, analyst research, institutional investors, corporate governance, voice and exit

10.

Transparency of Ownership and Control in Germany

Number of pages: 92 Posted: 23 Feb 1999
Marco Becht and Ekkehart Boehmer
Solvay Brussels School of Economics and Management (ULB) and Singapore Management University - Lee Kong Chian School of Business
Downloads 1,235 (31,886)
Citation 13

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Does Mandatory Shareholder Voting Prevent Bad Acquisitions?

Forthcoming, Review of Financial Studies, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 422/2014 - forthcoming, Review of Financial Studies
Number of pages: 59 Posted: 31 May 2014 Last Revised: 29 Jun 2016
Marco Becht, Andrea Polo and Stefano Rossi
Solvay Brussels School of Economics and Management (ULB), Luiss Guido Carli University - Department of Economics and Finance and Bocconi University
Downloads 958 (45,121)
Citation 3

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Corporate acquisitions, shareholder voting, corporate governance

Does Mandatory Shareholder Voting Prevent Bad Acquisitions?

CEPR Discussion Paper No. DP10506
Number of pages: 59 Posted: 24 Mar 2015
Marco Becht, Andrea Polo and Stefano Rossi
Solvay Brussels School of Economics and Management (ULB), Luiss Guido Carli University - Department of Economics and Finance and Bocconi University
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corporate acquisitions, corporate governance, shareholder voting

12.

Does Paying Passive Managers to Engage Improve ESG Performance?

European Corporate Governance Institute – Finance Working Paper No. 922/2023
Number of pages: 66 Posted: 11 Jul 2023 Last Revised: 05 Oct 2023
Solvay Brussels School of Economics and Management (ULB), London Business School - Institute of Finance and Accounting, Waseda University - Graduate School of Commerce and Waseda University, Graduate School of Business and Finance
Downloads 899 (49,999)
Citation 4

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ESG, active ownership, investor stewardship, engagement, ESG indexes, passive managers, portfolio tilting

13.

Easd Corporate Governance Principles and Recommendations

EASD Recommendation No. 00/01
Number of pages: 38 Posted: 12 Jan 2001
Léo Goldschmidt and Marco Becht
Bank Degroof and Solvay Brussels School of Economics and Management (ULB)
Downloads 891 (50,624)
Citation 1

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Corporate governance, Europe, principles and recommendations

Shareholding Cascades: The Separation of Ownership and Control in Belgium

CentER Working Paper No. 1999-96
Number of pages: 43 Posted: 11 May 2000
Marco Becht, Ariane Chapelle and Luc Renneboog
Solvay Brussels School of Economics and Management (ULB), University College London - Department of Computer Science and Tilburg University - Department of Finance
Downloads 883 (50,515)
Citation 12

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corporate ownership; corporate control; corporate governance

Shareholding Cascades: The Separation of Ownership and Control in Belgium

THE CONTROL OF CORPORATE EUROPE, F. Barca and M. Becht, eds., Oxford University Press, pp. 71-105, 2001 (1st edition) and 2002 (2nd edition)
Posted: 16 Jun 2003
Marco Becht, Ariane Chapelle and Luc Renneboog
Solvay Brussels School of Economics and Management (ULB), University College London - Department of Computer Science and Tilburg University - Department of Finance

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corporate ownership, corporate control, corporate governance

European Corporate Governance: Trading Off Liquidity Against Control

Number of pages: 14 Posted: 25 May 1999
Marco Becht
Solvay Brussels School of Economics and Management (ULB)
Downloads 857 (52,638)
Citation 5

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European Corporate Governance: Trading Off Liquidity Against Control

European Economic Review
Posted: 25 May 1999
Marco Becht
Solvay Brussels School of Economics and Management (ULB)

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Loyalty Shares with Tenure Voting - Does the Default Rule Matter? Evidence from the Loi Florange Experiment

European Corporate Governance Institute (ECGI) - Law Working Paper No. 398/2018
Number of pages: 45 Posted: 02 May 2018 Last Revised: 02 Feb 2020
Solvay Brussels School of Economics and Management (ULB), Independent and Stockholm School of Economics, Riga
Downloads 672 (72,630)
Citation 6

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Default rules, contractarian theory, loyalty shares, tenure voting, time-phased voting, dual-class shares, one-share-one-vote

Loyalty Shares with Tenure Voting - A Coasian Bargain? Evidence from the Loi Florange Experiment

CEPR Discussion Paper No. DP12892
Number of pages: 55 Posted: 01 May 2018
Solvay Brussels School of Economics and Management (ULB), Independent and Stockholm School of Economics, Riga
Downloads 1 (1,178,360)
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Coase theorem, dual-class shares, Loyalty shares, one-share-one- vote, tenure voting, time-phased voting

17.

Centros and the Cost of Branching

Journal of Corporate Law Studies, Vol. 9, Part 1, April 2009
Number of pages: 29 Posted: 15 Jul 2009
Solvay Brussels School of Economics and Management (ULB), University of Oxford Faculty of Law and University of Economics and Business Administration
Downloads 411 (134,181)

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incorporation, costs of regulation, regulatory competition

18.

Outsourcing Active Ownership in Japan

European Corporate Governance Institute – Finance Working Paper No. 766/2021
Number of pages: 39 Posted: 11 Jun 2021
Solvay Brussels School of Economics and Management (ULB), London Business School - Institute of Finance and Accounting, Waseda University - Graduate School of Commerce and Waseda University, Graduate School of Business and Finance
Downloads 384 (144,966)
Citation 2

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Corporate Governance, Active Ownership, Investor Stewardship, Private Engagement, Hedge Fund Activism, Corporate Governance Code

19.

Should Shareholders Have a Say on Acquisitions?

European Corporate Governance Institute – Finance Working Paper No. 734/2021
Number of pages: 27 Posted: 05 Mar 2021
Marco Becht, Andrea Polo and Stefano Rossi
Solvay Brussels School of Economics and Management (ULB), Luiss Guido Carli University - Department of Economics and Finance and Bocconi University
Downloads 268 (212,333)

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Corporate acquisitions, shareholder voting, corporate governance

20.

Loyalty Voting Structures: A Better Dual Class?

European Corporate Governance Institute - Law Working Paper No. 769/2024
Number of pages: 28 Posted: 06 May 2024
Marco Becht
Solvay Brussels School of Economics and Management (ULB)
Downloads 151 (358,844)

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Loyalty Voting Structures, Dual-Class Shares, Corporate Governance, Shareholder Rights, Institutional Investors, Voting Mechanisms, Equity Structure, Shareholder Democracy, Control-Enhancing Mechanisms, Corporate Law.

21.

"Excess Volatility" and the German Stock Market, 1876-1990

NBER Working Paper No. w4054
Number of pages: 62 Posted: 17 Jun 2000 Last Revised: 30 Jan 2022
J. Bradford DeLong and Marco Becht
University of California, Berkeley and Solvay Brussels School of Economics and Management (ULB)
Downloads 138 (385,419)

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22.

Returns to Shareholder Activism: Evidence from a Clinical Study of the Hermes UK Focus Fund

The Review of Financial Studies, Vol. 22, Issue 8, pp. 3093-3129, 2009
Posted: 05 Aug 2009
Solvay Brussels School of Economics and Management (ULB), London Business School - Institute of Finance and Accounting, University of Oxford - Said Business School and Bocconi University

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G32

23.

Corporate Governance: An Assessment

Oxford Review of Economic Policy, Vol. 21, Issue 2, pp. 155-163, 2005
Posted: 29 Feb 2008
Marco Becht, Tim Jenkinson and Colin Mayer
Solvay Brussels School of Economics and Management (ULB), University of Oxford - Said Business School and University of Oxford - Said Business School

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Blockholdings in Europe: An International Comparison

European Economic Review, Vol. 43, No. 4-6, Pp. 1049-1056, 1999
Posted: 24 Aug 1999
Marco Becht and Ailsa Röell
Solvay Brussels School of Economics and Management (ULB) and Columbia University, School of International and Public Affairs

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Blockholdings in Europe: An International Comparison

European Economic Review, Vol. 43, No. 4-6, 1999
Posted: 10 Apr 2000
Marco Becht and Ailsa Röell
Solvay Brussels School of Economics and Management (ULB) and Columbia University, School of International and Public Affairs

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