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Cracking the code on tunneling: How self-dealing undermines trust—and markets
Tunneling—sometimes called self-dealing—occurs when those running a company funnel resources to themselves (or to entities they control),...
Mar 11 min read


Safer to Steal with a Pen than with a Gun?
When insiders quietly hollow out a firm for their own gain, economists call the practice “tunnelling.” It seldom resembles daylight...
Apr 23, 20231 min read


What Actually Works in Securities Law? A Global Perspective
Why do some countries attract deep, active equity markets, while others struggle to build investor trust? A landmark study by economists...
Apr 23, 20232 min read
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