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shareholder protections are less likely to have the entrenchment of the controlling shareholders, while minority shareholders in …
Persistent link: https://www.econbiz.de/10013098983
suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …
Persistent link: https://www.econbiz.de/10011521411
suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …
Persistent link: https://www.econbiz.de/10011523499
Tax codes regularly create conflicts of interests between small and large shareholders with respect to the payout … shareholders. Based on an extensive data set covering 3,944 European firms over the 1999-2008 period, we find that payout behavior … preferences of minority shareholders are more likely to be partially reflected in the payout decision. Our results are stable …
Persistent link: https://www.econbiz.de/10013066380
certification of foreign institutional investors mitigates domestic minority shareholders’ mistrust of controlling shareholders …’ reform plans and facilitates the SSSR. Domestic minority shareholders cast fewer dissenting votes and complete the SSSR with … institutional investors’ prestige is a key factor in aligning domestic minority shareholders towards seeking long-term payoffs. With …
Persistent link: https://www.econbiz.de/10014265273
and minority shareholders. …
Persistent link: https://www.econbiz.de/10011528161
In the literature on corporate social responsibility (CSR) the origin of the equity is seen as one the drivers of CSR. There is evidence of multinational corporations stimulating diffusion of CSR practices in a few emerging economies. There are no similar studies focusing on the Polish economy....
Persistent link: https://www.econbiz.de/10011865587
share classes. Our findings suggest that index membership significantly affects the controlling shareholder’s motivation to …
Persistent link: https://www.econbiz.de/10011794012
This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however, whether dispersion among blockholder is preferable to having a more concentrated ownership structure. To test...
Persistent link: https://www.econbiz.de/10011379511
We examine whether the informativeness of sell-side analyst reports depends on the strength of the regulatory environment of a country and the regulatory background of the institutional investors of a company. Our analyses are based on more than 600,000 analyst reports from 2005 through 2010...
Persistent link: https://www.econbiz.de/10013091129