Search Results - subject:"rights Issue"

Hart, Oliver D.; Landemore, Hélène; Zingales, Luigi - 2024

We propose a novel way to give mutual funds' investors a voice, an alternative to the pass-through voting large mutual funds companies are starting to implement. Based on the experience of citizen assemblies in the political sphere, we propose allocating the power to decide how to cast mutual...

Persistent link: https://www.econbiz.de/10015137953

Do rights matter? : an intraday analysis of rights issues in Australia

Drienko, Jozef; Sault, Stephen J.; Wong, Wai Han - In: Accounting and finance 64 (2024) 2, pp. 1311-1333

Persistent link: https://www.econbiz.de/10015164386

Long-term underperformance of public versus rights offering firms

Kim, Hyun Ju; Song, Kyojik Roy - In: Journal of derivatives and quantitative studies : … 30 (2022) 1, pp. 46-57

The authors compare the post-issue stock and operating performance of rights issue versus public offer firms using … Korean data. The authors find that the stock returns of rights issue firms are less negative than those of public offering … rights offering firms is superior to those of public offering firms and that the ratio of sales to assets for rights issue …

Persistent link: https://www.econbiz.de/10012887269

Passive Investoren : indexbasierte Vermögensverwaltung und die Corporate Governance der Publikumsgesellschaft

Steuer, Sebastian - 2022 - 1. Auflage

Der Siegeszug von Indexfonds stellt eine Herausforderung für die Corporate Governance von Publikumsgesellschaften dar. Auf Basis umfangreicher eigener Datenauswertungen dokumentiert die Arbeit zunächst den Bedeutungsgewinn passiver Vermögensverwalter in den Beteiligungsstrukturen....

Persistent link: https://www.econbiz.de/10015200849

Why Do Boards Exist? Governance Design in the Absence of Corporate Law

Burkart, Mike; Miglietta, Salvatore; Ostergaard, Charlotte - 2021

We study when firms choose to install boards and their roles in a historical setting where neither boards nor their duties are mandated by law. Boards arise in firms with large, heterogenous shareholder bases. We propose that an important role of boards is to mediate between heterogenous...

Persistent link: https://www.econbiz.de/10013219462

The Separation of Voting and Control : The Role of Contract in Corporate Governance

Rauterberg, Gabriel V. - 2021

The default rules of corporate law make shareholders’ control rights a function of their voting power. Whether a director is elected or a merger is approved depends on how shareholders vote. Yet, in private corporations, shareholders routinely alter their rights by contract. This phenomenon of...

Persistent link: https://www.econbiz.de/10013226625

Does leverage level matter for return anomaly during rights issue announcements? The case of Islamic countries

Isiker, Murat; Tas, Oktay - In: Islamic Economic Studies (IES) 28 (2021) 2, pp. 141-155

Purpose This paper aims to measure investors' perception of the rights issue announcement of publicly listed companies … checked to understand if return anomaly shows different behaviour around rights issue announcement days. Design …/methodology/approach The analysis period includes the years 2010-2019, which includes 362 rights issue announcements. The event study …

Persistent link: https://www.econbiz.de/10015397927

Does leverage level matter for return anomaly during rights issue announcements? : the case of Islamic countries

Isiker, Murat; Tas, Oktay - In: Islamic economic studies 28 (2021) 2, pp. 141-155

Persistent link: https://www.econbiz.de/10012598388

Fee-Shifting Bylaws : An Empirical Analysis

Dammann, Jens C. - 2020

Shareholder litigation has long played a central but highly controversial role in American corporate governance. In 2014, the Delaware Supreme Court took a step that had the potential to reduce the amount of such litigation dramatically. In its landmark ATP Tour, Inc. v. Deutscher Tennis Bund...

Persistent link: https://www.econbiz.de/10012844683

Shareholder Rights

Armour, John - 2020

‘Shareholder rights' are the legal entitlements of shareholders via-a-vis companies in which they invest. A large body of research has sought to investigate how shareholder rights foster accountability of controllers. The concern has been that without accountability, managers and dominant...

Persistent link: https://www.econbiz.de/10012842156