Showing 1 - 10 of 297
work on shareholders and shareholder activism, directors, executives and their compensation, controlling shareholders …
Persistent link: https://www.econbiz.de/10012463112
in 2003, using a paired sample of management proposals on executive equity incentive compensation plans submitted before … and after the rule change. While voting support for management has decreased over time, we find no evidence that mutual … funds' support for management declined after the rule change, as expected by advocates of disclosure. In fact, we find …
Persistent link: https://www.econbiz.de/10012463200
a majority shareholders -- capital market activity -- also appears to be no different from firms with diffuse ownership … that the law constrains managerial majority shareholders, both in their day-to-day management and when they redeem the … ownership interest of minority shareholders …
Persistent link: https://www.econbiz.de/10012472048
We investigate the relation between management ownership and corporate performance, as measured by Tobin's Q. In a …
Persistent link: https://www.econbiz.de/10012477014
cooperation. We show that a judicious allocation of asset ownership can help by reducing the incentives to engage in hold up. In …
Persistent link: https://www.econbiz.de/10012465106
This paper presents a simple new method for estimating the size of 'wealth effects' on aggregate consumption. The method exploits the well-documented sluggishness of consumption growth (often interpreted as 'habits' in the asset pricing literature) to distinguish between short-run and long-run...
Persistent link: https://www.econbiz.de/10012465914
Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain … the role of prices under socialism and capitalism and ignored the enormous importance of ownership as the source of … addressed through government contacting and regulation without resort to government ownership. The case for private provision …
Persistent link: https://www.econbiz.de/10012472146
ownership overlap, including mergers in the asset management industry and the growth of indexing, could in fact diminish …We derive a measure that captures the extent to which overlapping ownership structures shift managers' incentives to … possibility that the growth of common ownership has had a significant impact on managerial incentives …
Persistent link: https://www.econbiz.de/10012479596
over assets and who bears the costs and benefits of those decisions. They assign ownership, wealth, political influence …
Persistent link: https://www.econbiz.de/10012453172
Using novel microdata, we document an unintended, first-order consequence of the Protestant Reformation: a massive reallocation of resources from religious to secular purposes. To understand this process, we propose a conceptual framework in which the introduction of religious competition shifts...
Persistent link: https://www.econbiz.de/10012453780