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's shareholders. Lenders to such firms would be especially concerned about risk-shifting behavior where managers may choose projects … with excessive risk leading to wealth transfer from the lenders to the shareholders. We find support for the risk …
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Using a sample of non-U.S. firms from 43 countries, we investigate whether laws and regulations as well as votes cast by U.S. institutional investors are consistent with an effective shareholder voting process. We find that laws and regulations allow for meaningful votes to be cast as...
Persistent link: https://www.econbiz.de/10013011773
Using a sample of non-U.S. firms from 43 countries, we investigate whether laws and regulations as well as votes cast by U.S. institutional investors are consistent with an effective shareholder voting process. We find that laws and regulations allow for meaningful votes to be cast as...
Persistent link: https://www.econbiz.de/10013038476
institutions' role in making firms supply outside shareholders with relevant information corresponding to satisfactory transparency … information and a narrowing of the gap. Shareholders in the Anglo-Saxon corporate governance system are provided with more …
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This paper investigates whether shareholders benefit from corporate social responsibility (CSR) by studying the effect …
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