The number of statistically detectable Beta regime changes a portfolio experienced in the past is a natural proxy for ex ante quot;Beta regime change riskquot; of the portfolio. This study applies newly developed statistical tests of multiple structural breaks to investigate whether Beta regime...

This study investigates how proxy solicitation and director ownership jointly affect directors' career consequences in Taiwan. We report that assent votes partly arising from proxies without shareholder voice increase the likelihood of departure for directors with higher ownership in firms...