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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 … directors, a high proportion of management shareholders, a low proportion of institutional investors and those belonging to the …
Persistent link: https://www.econbiz.de/10014515741
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
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
the voting rights. Reversing the ordinary balance of powers between minority and majority shareholders can bring about a … such a situation, the monitoring role to be played by institutional shareholders is bound to be pivotal. This Article warns …
Persistent link: https://www.econbiz.de/10012895898
the voting rights. Reversing the ordinary balance of powers between minority and majority shareholders can bring about a … such a situation, the monitoring role to be played by institutional shareholders is bound to be pivotal. This Article warns …
Persistent link: https://www.econbiz.de/10012897748