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This paper analyses lawsuits against shareholders' resolutions according to the German Stock Corporation Act (AktG) and … lawsuit is pending with a court. In particular, mergers have to be implemented without any delay. The minority shareholders … voting power of minority shareholders and create incentives to use the real option inefficiently. Therefore, the majority …
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I collect 1,186 reported estimates of long-run value creation from 49 studies and present the first meta-analysis of the literature on shareholder activism and its effect on firm value in the longrun. This synthesis is necessary because shareholder activism is increasing over time and across...
Persistent link: https://www.econbiz.de/10014505919
performance. Consistent with our aggravated expropriation hypothesis, we find that pledging firms in China initiate more takeovers … a greater likelihood of goodwill impairment. Overall, our findings indicate that controlling shareholders increasingly … expropriate minority shareholders through self-serving corporate takeovers after the stock pledge …
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abnormal return on the announcement day of the sample companies amounts to 1.33%. The type of buyer, the relative size of the …
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conditional model the results indicate that after controlling for the self-selection bias effect, shareholders of bidder firms …
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