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Using the 2014 to 2019 Forbes China Celebrity Lists, this study empirically examined the relationship between celebrity … shareholders and corporate risk. The findings suggest that celebrity shareholders increased corporate risk. And the main reason is …. Furthermore, this study finds that celebrity shareholders had a greater impact on corporate risk among firms with no independent …
Persistent link: https://www.econbiz.de/10014515741
Persistent link: https://www.econbiz.de/10014339977
In order to better differentiate the drivers of corporations' actions, in particular shareholder wealth and stakeholder interests, the paper explores the significance of the comply or explain-principle and its underlying enforcement mechanisms more generally. Against this background, compliance...
Persistent link: https://www.econbiz.de/10011564889
exemption for transactions with wholly owned subsidiaries allows controlling shareholders to circumvent the rule extensively … shareholders and creditors. Hence, if the Commission choses to go down this route it might end up with a comprehensive regulation …
Persistent link: https://www.econbiz.de/10010406185
The main objective of corporates in listing their shares on the stock exchanges is to mobilise resources for investment directly from the investors. And for investors the liquidity provided by the stock market and the monitoring and disciplining mechanism that goes with listing are the main...
Persistent link: https://www.econbiz.de/10013139656
In this paper we examine the relationship between the strength of a firm's shareholders rights, as part of their … executives. Specifically, we examine the strength of shareholders rights and the reported levels of discretionary accounting …
Persistent link: https://www.econbiz.de/10013083776
of shareholders' value maximisation strategies. Neither shareholders nor their representatives will voluntarily adopt …
Persistent link: https://www.econbiz.de/10013014969
‘Shareholder rights' are the legal entitlements of shareholders via-a-vis companies in which they invest. A large body … that without accountability, managers and dominant shareholders will use their power to further their own interests at the … rights in ways that can be excessive. This can harm not only other constituencies but also shareholders, as it can promote …
Persistent link: https://www.econbiz.de/10012842156
For three academic years (2011-2014), the Harvard Law School's Shareholder Rights Project (SRP) operated a clinical program assisting institutional investors on board declassification proposals. This paper analyzes the SRP as a quasi-natural experiment to examine the value implications of...
Persistent link: https://www.econbiz.de/10012957219
One of the measures foreseen in the Shareholder Rights Directive for enhancement of the rights of shareholders is the …
Persistent link: https://www.econbiz.de/10012910268