low-value mergers, the “pecking order” theory offers a different perspective, where managers conserve cash flow to … undertake positive NPV investments. We argue that the stronger position of shareholders, as opposed to firm managers, in the UK …

triggered by accelerated vesting are beneficial to shareholders in completed deals. Accelerated vesting appears to be an …

or stock indices. In theory, equity swaps would result in the separation of economic interests of shareholders from their …

depend on the target managers' defensive strategies. Therefore, using golden parachutes, shareholders can increase the …

The law relating to shareholders' meetings is almost invariably built on the so-called “Efficient Market Hypothesis …” (EMH) – i.e.: on the assumptions of rational operators (shareholders, directors etc.), perfect information and no … shareholders' meeting is to provide its participants with the highest degree of information available.On the other hand …