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order for institutions to play a valuable role in corporate governance, granting voting power to minority shareholders is …We examine the role of institutional investors in corporate governance in an environment where ownership is … concentrated. The presence of dominant shareholders alters the role of institutional investors by limiting their voting influence …
Persistent link: https://www.econbiz.de/10013038700
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We construct a novel data set to show that, between 2003-2020, up to one-fifth of America's largest firms had a non-financial blockholder or insider as their largest shareholder. Blockholders and insiders tend to be less diversified than institutional investors. Measures of "universal" and...
Persistent link: https://www.econbiz.de/10013365123
companies to evaluate the consequences of the corporate governance changes on operational performance. Our analysis shows …
Persistent link: https://www.econbiz.de/10010225758
This paper investigates the role of institutional investors in the improvement of corporate governance for the … the main promoters of board governance structures across the globe. This study also provides evidence that institutional … structures. This paper contributes to the growing literature on shareholder activism and comparative corporate governance …
Persistent link: https://www.econbiz.de/10012520883
is linked to improved corporate governance and a reduced propensity for opportunistic actions by large shareholders … governance practices and increased focus on long-term sustainable value creation. This study investigates whether the presence of … misuse of controlling power by large shareholders to extract personal benefits at the expense of minority shareholders …
Persistent link: https://www.econbiz.de/10014506270
policies institutional investors often say they are long-term shareholders, socially responsible investors, or stakeholder …
Persistent link: https://www.econbiz.de/10014237753
status affects the vote of all shareholders in general and of mutual funds in particular and is more pronounced in governance … proposals and contested ones, showing that CEOs benefit from their superstar status by becoming immune to changes in governance … policies promoted by shareholders …
Persistent link: https://www.econbiz.de/10012839918
ownership is less concentrated than it might appear to be from lists of shareholders in annual reports and databases …
Persistent link: https://www.econbiz.de/10013005784