We examine the relationship between innovation as measured by annual utility patents granted and two datasets for legislation: (1) the U.S. Code and (2) the Code of Federal Regulations from 1984 to 2015. We show that the historical relationship between innovation and legislation has changed, especially for computer and communication patents. The evidence suggests that the existing regulatory infrastructure has a diminishing capacity to react to innovation. The evolving empirical relationship between innovation and legislation has implications for the legal system and rulemaking processes in the existing regulatory framework.Read more "Innovation and Legislation: The Changing Relationship – Evidence from 1984 to 2015"
Delighted to participate in the first Davos on the Delta Conference organized by ISelect Fund’s Carter Williams. Fantastic event in Memphis TN – the Silicone Valley for #Agriculture #Entrepreneurship #Innovation. All leading player in the agriculture business and leading AG startups in various financing stages are present and it is extremely energizing to talk about […]Read more "Blockchain Technology for Horizontal Agriculture Innovation "
Dynamic Regulation Via Contingent Capital Review of Banking and Financial Law, Vol. 36, 2017 16 Pages Posted: Wulf A. Kaal University of St. Thomas, Minnesota – School of Law Date Written: April 24, 2017 Abstract Contingent capital securities are a largely overlooked dynamic regulatory mechanism. This essay evaluates the use of contingent capital securities in […]Read more "Dynamic Regulation Via Contingent Capital"
Abstract Blockchain technology allows for decentralized networked governance that allows for the removal of internal and external monitoring mechanisms previously necessitated by agency problems in corporate governance. Blockchain technology creates formal immutable guarantees in agency relationships that build the trust needed to overcome the agency problems in corporate governance. It facilitates a substantial increase in […]Read more "Blockchain Solutions for Agency Problems in Corporate Governance"
First published at: https://www.law.ox.ac.uk/business-law-blog/blog/2016/09/dynamic-regulation-investment-data-remedy-law’s-diminishing-capacity Key words: Disruptive Innovation, Venture Capital, Venture Investments, Dynamic Regulation, Feedback Effects, Optimized Information for Regulation, Anticipatory Regulation, Big Data In a series of recent papers – ‘Dynamic Regulation for Innovation’, ‘Regulation Tomorrow: What Happens When Technology Is Faster Than the Law?’, and ‘How to Regulate Disruptive Innovation – From Facts to […]Read more "Dynamic Regulation Via Investment Data as a Remedy for Law’s Diminishing Capacity to React to Innovation"
How to Regulate Disruptive Innovation – from Facts to Data by Wulf A. Kaal , Erik P. M. Vermeulen :: SSRN Wulf A. Kaal University of St. Thomas, Minnesota – School of Law; European Corporate Governance Institute (ECGI) Erik P. M. Vermeulen Tilburg University – Department of Business Law; Philips Lighting – Legal Department; Tilburg […]Read more "How to Regulate Disruptive Innovation"
Non- and Deferred Prosecution Agreements (N/DPAs) are controversial because prosecutors, not judges or the legislature, are changing the governance of leading public corporations and entire industries. To analyze N/DPAs’ corporate governance implications and provide policy makers with guidance, the authors code all publicly available N/DPAs (N=271) from 1993 to 2013, identifying 215 governance categories and […]Read more "The Effect of Non- and Deferred Prosecution Agreements on Corporate Governance: Evidence from 1993-2013"
THE EFFECT OF DEFERRED AND NON-PROSECUTION AGREEMENTS ON CORPORATE GOVERNANCE – EVIDENCE FROM 1993-2013 by Wulf A. Kaal* *Associate Professor, University of Saint Thomas School of Law (Minneapolis). & Timothy A. Lacine* *J.D. 2014, University of St. Thomas School of Law; MBA 2008, University of Minnesota. Abstract Non- and Deferred Prosecution Agreements (N/DPAs), are controversial […]Read more "The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance – Evidence from 1993-2013"
University of St. Thomas Law Journal Spring Symposium Beyond Crisis-Driven Regulation: Initiatives for Sustainable Financial Regulation Friday, April 11, 2014, Minneapolis, MN co-sponsored by the Holloran Center for Ethical Leadership in the Professions 7 hours CLE pending approval – REGISTER NOW Featuring Steven L. Schwarcz, Keynote John C. Coffee, Jr. “A Closer Look at SEC Enforcement” […]Read more "Conference Update: Initiatives for Sustainable Financial Regulation"
University of St. Thomas Law Journal Spring Symposium Friday, April 11, 2014, Minneapolis, MN co-sponsored by the Holloran Center for Ethical Leadership in the Professions 7 hours CLE pending approval – REGISTER NOW SPEAKERS Steven L. Schwarcz, keynote Duke University School of Law Roberta Romano Yale Law School Erik F. Gerding University of Colorado Law School Kimberly […]Read more "Conference Announcement: Beyond Crises-Driven Regulation – Initiatives for Sustainable Financial Regulation"