Showing 1 - 10 of 12,530
We investigate the decision rules for corporate investment by designing a company value frontier. This company value frontier allows for balancing the financial value and social and environmental impacts. This article develops novel value concepts-ranging from shareholder value to shareholder...
Persistent link: https://www.econbiz.de/10014502370
Persistent link: https://www.econbiz.de/10011879442
Persistent link: https://www.econbiz.de/10011498447
Persistent link: https://www.econbiz.de/10012163724
Persistent link: https://www.econbiz.de/10001581230
Persistent link: https://www.econbiz.de/10003289982
Persistent link: https://www.econbiz.de/10012593545
Corporate bylaws are the new leading edge of a decades-long struggle between shareholders and managers over the … allocation of decision-making authority in public companies. Bylaws are the only method by which shareholders can unilaterally … in circumstances where shareholders' other core rights, i.e., the ability to exit the firm or sue its fiduciaries, are …
Persistent link: https://www.econbiz.de/10013036309
This paper studies the link between the agency costs of equity and the agency costs of debt. Using a unique sample of the ownership structure of single and dual class firms as well as hand-collected data on loan contracts, we find that the agency cost of debt – proxied by various loan...
Persistent link: https://www.econbiz.de/10013091502
This paper investigates interactions between two central corporate governance mechanisms: shareholder rights and managerial ownership. I find that the effect of managerial ownership on firm value crucially depends on shareholder rights. Managerial ownership enhances firm value when shareholder...
Persistent link: https://www.econbiz.de/10013068483