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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
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
Complex investments are investments that are difficult to value in the short-term. In this paper, we analyze the incentives of a manager who is compensated based on short-term stock prices to invest in complex long-term investments. In particular, we explore how the manager's investment decision...
Persistent link: https://www.econbiz.de/10013069685
model with strategic interaction between managers and outside shareholders, we hypothesize that, while an increase in the …
Persistent link: https://www.econbiz.de/10013073608
this study supports the spillover hypothesis. This suggests that foreign institutional shareholders with extensive …
Persistent link: https://www.econbiz.de/10014233052
. Shareholder claims are permitted for direct injury to shareholder rights (such as voting rights). But shareholders generally …
Persistent link: https://www.econbiz.de/10010463415
investment on the other hand, treat claims for damages by company shareholders differently. Advanced domestic systems generally … bar shareholders from claiming for reflective loss – loss that arises from injury to "their" company (such as a decline in … the value of shares). The claim for the loss belongs to the injured company and not to its shareholders. In contrast …
Persistent link: https://www.econbiz.de/10010463416
Persistent link: https://www.econbiz.de/10009737025
Persistent link: https://www.econbiz.de/10011825168
The exceptional export performance of foreign-owned firms is a well-established stylized fact, but the underlying mechanism is not yet fully understood. In this paper, we provide theory and empirical evidence demonstrating that this fact can be explained by ownership differences in access to...
Persistent link: https://www.econbiz.de/10012404685