Narrow search
Showing 1 - 10 of 118,489
Cover Image
Do Greater Shareholder Voting Rights Reduce Expropriation? Evidence from Related Party Transactions
Li, Nan - 2018
minority shareholders. At the same time, it is well recognized that RPTs can help firms overcome market shortcomings. Using the … expropriation. Minority shareholders actively raise their voice against RPT resolutions, resulting in substantial shareholder …
Persistent link: https://www.econbiz.de/10012926802
Cover Image
Capital Market Effects of Shareholders' Litigation Rights : Implications for Market Efficiency and Misreporting Incentives
Schantl, Stefan - 2022
This paper studies the market-level effects of litigation rights in an imperfectly competitive capital market with a market maker, an information-acquiring investor, and liquidity traders. Litigation rights have the following equilibrium effects. (i) The investor acquires more private...
Persistent link: https://www.econbiz.de/10014265520
Cover Image
The Efficacy of Shareholder Voting in Staggered and Non-Staggered Boards : The Case of Audit Committee Elections
Gal-Or, Ronen - 2015
-staggered and staggered boards. We find that through voting, shareholders can increase the efficacy of the audit committee, leading …
Persistent link: https://www.econbiz.de/10013032152
Cover Image
Do Strong Shareholder Rights Mitigate Earnings Management?
Geiger, Marshall A. - 2013
In this paper we examine the relationship between the strength of a firm's shareholders rights, as part of their … executives. Specifically, we examine the strength of shareholders rights and the reported levels of discretionary accounting …
Persistent link: https://www.econbiz.de/10013083776
Cover Image
Uncertainty, Information, and Shareholder Democracy : Evidence from Voting on Shareholder Proposals
Li, Xiao - 2019
An integral aspect of shareholder democracy is the shareholder proposal process, through which shareholders can … pressure firms to make changes. We find that shareholders' uncertainty about the firm reduces their participation in voting on …
Persistent link: https://www.econbiz.de/10012900708
Cover Image
Shareholder Voting : A Complementary Mechanism to Mandatory Disclosure Regulation
Mukhopadhyay, Tathagat - 2020
We offer that, when regulators require firms to obtain stakeholder approval of a corporate decision through voting on a resolution, firms disclose additional information that is needed for stakeholders to understand the optimal nature of the proposal and to vote in favor of it. We suggest that...
Persistent link: https://www.econbiz.de/10012826813
Cover Image
Encouraging long-term shareholders : the effects of loyalty shares with double voting rights
Belot, François; Ginglinger, Edith; Starks, Laura T. - In: Finance : revue de l'Association Française de Finance 45 (2024) 1, pp. 3-61
Persistent link: https://www.econbiz.de/10015173627
Cover Image
Long-term value versus short-term profits : when do index funds recall loaned shares for voting?
Luo, Haoyi; Xu, Zijin - In: Corporate governance : an international review 32 (2024) 5, pp. 856-889
Persistent link: https://www.econbiz.de/10015142226
Cover Image
Using a live case to teach dual-class stocks and corporate governance
Li, Qian; Owen, James R. - In: Advances in financial education : journal of the … (2017), pp. 46-56
Persistent link: https://www.econbiz.de/10011847533
Cover Image
Index membership vs. loss of voting power : the unification of dual-class shares
Betzer, André; Bongard, Inga van den; Goergen, Marc - 2017 - This version: March 2017
share classes. Our findings suggest that index membership significantly affects the controlling shareholder’s motivation to …
Persistent link: https://www.econbiz.de/10011794012