Search Results - subject_exact:"Shareholder"

Why do family firms hold cash? : agency conflicts and valuation perspectives

Tayem, Ghada; Abu Ghunmi, Diana; Bino, Adel; Tayeh, Mohammad - 2026

This study aims to examine whether family firms differ from nonfamily firms in their propensity to save cash, particularly in response to new investment opportunities, and to assess how investors value the cash holdings of family versus nonfamily firms in light of potential agency concerns. The...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611266

Institutional shareholders' geographical concentration, coordinated governance effects, and ESG rating disagreement

Qin, Libin; Li, Dailing; Bo, Wen - 2026

Drawing on agency theory, this study explores how the geographical distribution of institutional shareholders affects corporate ESG rating disagreements. A higher geographical concentration of institutional shareholders is found to correlate with reduced ESG rating disagreements, as...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015596319

Replication guidance for "Disloyal Managers and Shareholder Wealth"

Fich, Elizier M.; Harford, Jarrad V. T.; Anh L. Tran - 2026

This document provides clarifications and guidance for researchers seeking to replicate the analyses in our paper. This is important as we identified some items in the published text and the code where additional clarity would be helpful. While none of these affect our substantive conclusions,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015624644

Shareholder empowerment and ownership structure in a free-contracting environment

Burkart, Mike; Miglietta, Salvatore; Ostergaard, Charlotte - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015625006

Eyes on the ball : activist campaigns and management’s response at the operational level

Lungeanu, Razvan; Wiersema, Margarethe - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015638630

Competing voices, persistent gaps : shareholder proposal activism and ESG decoupling

Schiehll, Eduardo; Martins, Henrique Castro; Lewellyn, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015656379

Greenwashing or pragmatism?

Liu, Junxi; Pi, Shaoting; Wang, Ao - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015647364

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Greenwashing or pragmatism?

Liu, Junxi; Pi, Shaoting; Wang, Ao - 2026

Book / Working Paper

Corporate governance characteristics, shareholder dissent and agency cost of debt

Ding, Wenjie; Hemmings, Danial; Hodgkinson, Lynn; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015647421

The effect of IFRS adoption on foreign investment in the Japanese equity market

Kubota, Yoshitaka; Takeda, Fumiko - 2026

This study investigates the effects of International Financial Reporting Standards (IFRS) adoption on foreign investment in the Japanese equity market. Previous research suggests that a positive relationship between IFRS adoption and foreign investment typically emerges when a country meets...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653764

Institutional ownership and bond pricing : evidence from China

Wang, Yulin; Zhang, Xueying; Walker, Thomas; Liedtke, Gerrit - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015559920

Do spin-offs signal an effective restructuring strategy to shareholders? : A global study on the short- and long-term performance of parent companies

Batrancea, Larissa M.; Nichita, Anca; Ikeda, Wilson Eduardo - 2026

This large-scale study explores the use of spin-offs as a strategy for corporate restructuring and the determinants of short- and long-term performance of parent companies after the announcement of a spin-off. We analyze data on hundreds of companies in 47 countries, comprising 921 parent...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668538

How can a firm suppress shareholders' punitive reaction to its disengagement from a geopolitically uncertain market?

Astvansh, Vivek; Eshghi, Kamran; Shahriari, Hesam; Shi, Wei - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015670267

The silence of the slacked : the negative side effect of slack on problemistic search

Nevmerzhytskyi, Sergii; Rowe, W. Glenn - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015667603

The role of agency costs and shareholder protection in family firms' cash-holding decisions

Yaman, Serhat; Belén Lozano, M. - 2026

This study analyzes the effects of country-level shareholder protection and agency costs on the cash-holding policies of family firms.Data were collected for 2,159 European firms for the period 2010-2019. The authors estimate the model using the generalized method of moments.Agency costs are...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644843

The corporation as an evolved organizational design

Langlois, Richard N. - 2026 - Draft: Version of July 13, 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015673418

Examining the complexity effect on shareholder information in Slovenia

Žvipelj, Gregor; Biloslavo, Roberto - 2026

This study investigates how managers communicate with shareholders, balancing impartiality and transparency against their vested interests. We examine management communication behaviour through the lens of information asymmetry in Slovenia, exploring how information overload and complexity in...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015671727

Income and tax consequences of selling ownership stakes : evidence from major shareholders of private firms in Canada

Moon, Terry; Wu, Linda - 2026

Selling a business happens frequently around the globe and often results in significant changes in overall income and tax burdens for the owner. The existing literature primarily examines the consequences of leveraged buyouts (LBO) or mergers and acquisitions (M&As) on target or acquiring firms'...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015676387

Voters' preferences and the willingness to pay for voting rights : new evidence from decentralized finance

Rossello, Romain; Balietti, Stefano; Kitzler, Stefan; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060500

How long would it take to establish shareholder socialism?

Carnevali, Emilio; Corneo, Giacomo; Vellucci, Pierluigi - 2026

This paper develops a formal framework for the establishment and expansion of a Sovereign Wealth Fund (SWF) from the perspective of Shareholder Socialism. After reviewing the heterogeneous origins and financing arrangements of existing SWFs, we present a dynamic model that characterizes feasible...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016059691

Do "say-on-pay" votes affect M&A decisions?

Dutta, Shantanu; Officer, Micah S.; Wang, Ruixiang; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015440802

Is U.S. CEO equity and cash compensation aligned with agency theory to maximize shareholder returns?

Pandher, Gurupdesh S.; Koslowsky, David; Bonaparte, Yosef - 2025

Recent international studies on CEO pay in Europe, Japan, and South Korea reveal significant differences from the U.S. in the use and effectiveness of equity-based CEO compensation, raising questions about the ability of conventional contracts based on agency theory to align with actual CEO...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015584361

The role of stock liquidity in blockholder governance : evidence from corporate social responsibility

Freund, Steven; Phan, Hieu V.; Sun, Lingna; Hong Vo - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015166675

Quad O's evolution : subsequent regulatory effects from existing regulations on shareholder wealth

Carson, Scott Alan - 2025

Quad O is the Environmental Protection Agency (EPA)’s methane reduction regulation that requires greater producer efficiency when methane is extracted by requiring efficient upstream, midstream, and downstream equipment. There are various times when Quad O was implemented and updated, and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015372030

Rule with an iron hand : powerful CEOs, influential shareholders and corporate performance in Russia

Zavertjaeva, Marina Aleksandrovna; Ershova, Tatiana - 2025

Purpose This study examines whether CEO power influences the book-based and market-based performance of Russian companies when it is restricted by the presence of essential shareholders, namely, state and influential businessmen. Design/methodology/approach Managerial power is divided into...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015372678

Shareholder engagement in an ESG-CAPM with incomplete markets : much ado about nothing?

Hara, Chiaki; Hens, Thorsten - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015375411

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Shareholder engagement in an ESG-CAPM with incomplete markets : much ado about nothing?

Hara, Chiaki; Hens, Thorsten - 2025

Book / Working Paper

Government CEO pay regulation and corporate innovation performance : the role of CEO's career horizon and shareholding

Maqsood, Umer Sahil; Li, Qian; Wang, Shihao; Zahid, R. … - 2025

This study investigates the effect of government pay policy for chief executive officer's (CEO's) compensation on corporate innovation (CI). Furthermore, it explores the role of the CEO's career horizon and shareholding in this nexus. Utilizing the difference-in-differences method to analyze...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015375421

Navigating the Indian corporate purpose dilemma : insights from an entity-based approach

Pandey, Astha; Mohan, M. P. Ram - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015271665

Corporate name change : the effect of the firm's shareholder distribution

Kumar, Ashish - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015330301

Understanding the effect of hedge fund activism on the target firm : a qualitative study on shareholder value

Rittgen, Philipp - 2025

This thesis represents a qualitative study analyzing a comprehensive interview dataset of long-standing target executives, investment bankers, and activist specialists to improve our understanding of the effects of hedge fund activism on target firms. Hedge funds possess a broad set of tools to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015330765

Do non-profit minority institutional shareholders influence cash dividends? : empirical evidence from quasi-natural experiments in China

Ren, Xiaoyi; Yang, Zheng; Ning, Chong; Zhang, Ruiyan - 2025

Dividends allow shareholders to receive investment returns; however, Chinese listed companies are often reluctant to share profits with external minority shareholders, instead channeling funds into "tunneling" activities of major shareholders. By examining the China Securities Investor Service...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015334525

Can common institutional ownership constrain the equity pledges of controlling shareholders? : evidence from Chinese listed companies

Zhou, Fangfang; Chen, Lianghua; Zhao, Libin; Fu, Xiangfei - 2025

The potential risks associated with controlling shareholders' equity pledges pose significant challenges to capital market stability and development. Therefore, effective mechanisms to constrain equity pledges have become a key focus of scholarly investigation. This study examines the impact of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015337361

Shareholder unanimity : a survey from the viewpoint of incomplete markets

Zierhut, Michael; Hara, Chiaki - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015337966

ESG, corporate piracy and Coasian contracting efficiency

DeAngelo, Harry - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015338073

Do salient climatic risks affect shareholder voting?

Fich, Eliezer M.; Xu, Guosong - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015357660

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Do Salient Climatic Risks Affect Shareholder Voting?

Fich, Eliezer M.; Xu, Guosong - 2021

Book / Working Paper

Tobin's Q and shareholder value : does "shareholder return" impede investment?

Piluso, Nicolas - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015358755

Quasi-insider shareholder activism : corporate governance at the periphery of control

Cohn, Jonathan; Towner, Mitch; Virani, Aazam - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015359096

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Quasi-Insider Shareholder Activism : Corporate Governance at the Periphery of Control

Cohn, Jonathan B. - 2020

Book / Working Paper

Corporate social responsibility in the age of activist directorships

Connelly, Brian L.; DesJardine, Mark; Shi, Wei; Sun, Zhihui - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015386923

How shareholder litigation risk influences firm orientation toward stakeholders

Park, Eunyoung; Lange, Donald; Jeon, Chunhu - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015386961

Stock market reactions to a sovereign wealth fund's broad-based public sustainability engagement: European evidence

Habermann, Florian; Steindl, Tobias - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015464027

Environmental disclosure and corporate cash holdings Policies : which macro-categories matter?

Gallucci, Carmen; Santulli, Rosalia; Tipaldi, Riccardo - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015466498

The shared costs of pursuing shareholder values

Fioretti, Michele; Saint-Jean, Victor; Smith, Simon C. - 2025 - Updated

Does shareholder visibility affect firms' prosocial behavior? What implications for other shareholders? Exploiting quasi-experimental variation from media coverage around Annual General Meetings and major crises (COVID-19 pandemic and Russian invasion of Ukraine), we show that prominent...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015466858

New sheriff in town : a quad model approach to examining the consequences of selecting a qualified lead independent directors

Hasija, Dinesh; Ellstrand, Alan; Ridge, Jason W.; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015467394

Insider CEOs and corporate misconduct : evidence from China

Zhang, Ying; Rusman bin Ghani; Danilah Salleh - 2025

Inspired by the limited research regarding the influence of CEO succession origin on corporate misconduct, this study draws on organizational identification theory and agency theory to examine this issue. Empirical analysis indicates that insider CEOs significantly constrain corporate misconduct...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015467531

The threat of voiced shareholder disapproval and the value of voting

Balthrop, Justin; Bitting, Jonathan - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015468082

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The Threat of Voiced Shareholder Disapproval and the Value of Voting

Balthrop, Justin; Bitting, Jonathan - 2022

Book / Working Paper

Creating controversy in proxy voting advice

Malenko, Andrey; Malenko, Nadya; Spatt, Chester S. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015474349

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Creating Controversy in Proxy Voting Advice

Malenko, Andrey; Malenko, Nadya; Spatt, Chester S. - 2021

Book / Working Paper

Creating controversy in proxy voting advice

Malenko, Andrey; Malenko, Nadya; Spatt, Chester S. - 2021

Book / Working Paper

Creating Controversy in Proxy Voting Advice

Malenko, Andrey; Malenko, Nadya; Spatt, Chester S. - 2021

Book / Working Paper

Central bank capital and shareholder relationship

Bonetti, Matteo; Broeders, Dirk; Chen, Damiaan H. J.; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015449027

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Central bank capital and shareholder relationship

Bonetti, Matteo; Broeders, Dirk; Chen, Damiaan H. J.; … - 2024

Book / Working Paper

Who speaks for the corporation? : a Hobbesian theory of managerial authority and shareholder responsibility

Mansell, Samuel - 2025

From where does management acquire its authority to act in the name of the corporation? The orthodoxy that shareholders alone authorise management is frequently criticised for treating the corporation as the property of shareholders, rather than as a distinct legal person in its own right...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015449647