Considering the reform of online voting rules in China and by using the data of firms listed on the Shenzhen Stock Exchange from 2011 to 2017, this paper aimed to explore the effect on firms’ investment efficiency from weak stakeholders' participation in governance. The results also indicate...

Exchanges and index providers increasingly push firms to equalize shareholder voting rights. We explore the potential harm arising from dual-class structures by studying the identity and returns of minority shareholders. First, we find that sophisticated investors disproportionately own...

Purpose – This paper examines the effect of family ownership on the payment method of mergers and acquisitions (M&A) deals. It also investigates the market reaction around the announcement of these M&A deals.Design/methodology/approach – Archival data of M&A deals of a sample of Taiwanese...

We examine the roles of bank ownership and CEO political faction membership in facilitating or hindering the implementation of central bank policy in China. Specifically, we examine the response of China’s commercial banks to People’s Bank of China (PBC) guidelines intended to decrease...

Common Ownership become more and more common today, and scholars have gradually deepened their research on how common institutional investors affect corporate behavior. Under the background that concept of ESG investment has gradually become mainstream, we deeply analyzed the impact of common...

The present article investigates whether the different ownership structures in the non-finance sector impact the Environmental, Social, and Governance scores (ESG). Panel data regression has been used for analyzing the publicly listed 500 listed companies on National Stock Exchange, India,...

We investigate the governance sensitivity of foreign institutional investors’ (FII) ownership in a large emerging market setting of India, characterized by highly concentrated insider ownership. More specifically, we focus on the moderating role of firm size and price to book value (PB) in...

Although foreign institutional ownership (FIO) is generally considered as an important outcome of international cross-listings, much of the prior research ignores the iterative nature of FIO – that is, FIO may also serve as a key determinant of cross-listings. Using a comprehensive dataset of...