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We consider the consequences of the regular private meetings between directors of FTSE 100 companies and their major institutional shareholders. Whilst the economic incentives for both the flow of information and the formation of 'strategic informational relationships' between the two have been...
Persistent link: https://www.econbiz.de/10005812995
Fund managers are the primary investment decision-makers in the stock market, and corporate executives are their … primary sources of information. Meetings between the two are therefore central to stock market investment decisions but are … favour of CFOs). This leads the former to seek to control encounters with the latter and to place great store on the clarity …
Persistent link: https://www.econbiz.de/10005162865
transition countries to test this claim. We find that increases in shareholder protection contribute to stock market growth in …
Persistent link: https://www.econbiz.de/10010548032
, however, that civil law origin was not much of an obstacle to convergence around this model, since civilian systems were … increased shareholder protection and stock market devel-opment, using a number of measures such as stock market capitalisation …-run impact of legal change on stock market development. This finding is incompatible with the claim that legal origin affects the …
Persistent link: https://www.econbiz.de/10005687974
. Furthermore it examines the relationship between legal changes and stock market development. It casts serious doubt on the claim … that common-law countries have better shareholder protection which in turn leads to more stock market development. …
Persistent link: https://www.econbiz.de/10005162849
Issues in corporate governance develop according to an identifiable process. Using the influence model of Jones and …
Persistent link: https://www.econbiz.de/10005687995
Outlines a model of how ethical issues develop over time using an ethical issue life cycle with three phases …. Illustrates the model with reference to ethical issues currently facing UK boards of directors, and uses the Bible to further … develop the model to suggest how company boards might respond to ethical issues as they progress. …
Persistent link: https://www.econbiz.de/10005688026
We investigate the influences behind five major investigations into corporate governance in the UK since 1990: the Cadbury, Greenbury, Hampel and Turnbull Committees, and the Company Law Review. In each case we examine the roles of business, the authorities, public opinion and events in shaping...
Persistent link: https://www.econbiz.de/10005813049
This paper empirically examines the relationship between firm ownership structure and corporate charitable donations. Using a panel data set of 1,017 listed Korean firms, we find that larger firms with higher advertising intensity and lower export intensity 'give' relatively more, suggesting...
Persistent link: https://www.econbiz.de/10010614651
Core institutions of UK corporate governance, in particular those relating to takeovers, board structure and directors’ duties, are strongly orientated towards a norm of shareholder primacy. Beyond the core, in particular at the intersection of insolvency and employment law, stakeholder...
Persistent link: https://www.econbiz.de/10005687992