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and concerns power--the shareholders should have the power to tell managers how to run the firm. The two norms, once put …When corporations inflict injuries in the course of business, shareholders wielding ESG principles can, and now … accountability emerges as a policy question for the first time. The Big Three index fund managers, BlackRock, Vanguard, and State …
Persistent link: https://www.econbiz.de/10014355137
We examine whether shareholder activism is associated with accounting reporting complexity (ARC). Using a sample of 3,377 unique firms during the 2010-2019 period, we find that firms with shareholder activism provide more complex accounting reporting. Further, both types of activism (including...
Persistent link: https://www.econbiz.de/10014355230
time to addressing shareholders’ concerns. I construct a unique dataset documenting questions shareholders submitted at … virtual-only shareholder meetings. Precisely when shareholders vote against management recommendation, indicating contention … with management, firms are likely to limit shareholders’ voice: they ignore shareholders’ questions and explicitly limit …
Persistent link: https://www.econbiz.de/10014361908
Persistent link: https://www.econbiz.de/10014361999
There is a heated debate on shareholder versus stakeholder governance. The stakeholder view recognises that companies have broader responsibilities to society than just making profit. But the lack of an integrated measure makes it difficult to hold management accountable against multiple goals....
Persistent link: https://www.econbiz.de/10014235517
Using a new measure on the concentration of controlling shareholders’ wealth within a business group (i.e., controlling … shareholders’ value), this paper investigates whether and how controlling shareholders’ value affects corporate tax planning. Based … minority shareholders, we find that firms with high controlling shareholders’ value engage in a lower level of tax avoidance …
Persistent link: https://www.econbiz.de/10014235775
deliberation process among the three governing bodies: 1] Shareholders set a purpose-based course, Board of Directors follow and …
Persistent link: https://www.econbiz.de/10014238401
by large, diversified shareholders. Highlighting the importance of high-PAR institutions for corporate monitoring, I …
Persistent link: https://www.econbiz.de/10014238631
Persistent link: https://www.econbiz.de/10014392957
Persistent link: https://www.econbiz.de/10014426508