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Cumulative voting and the conflicts between board and minority shareholders
Zhao, Aiwu; Brehm, Alexander J. - In: Managerial Finance 37 (2011) May, pp. 465-473
Purpose – The purpose of this paper is to investigate whether cumulative voting can help ease the conflicts between board of directors and minority shareholders. Design/methodology/approach – The authors use voting result of shareholder proposals as an indicator of the level of conflicts...
Persistent link: https://www.econbiz.de/10009275428
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Monitoring CEOs: can insider-dominated boards do a good job?
Wang, Yuwei - In: Managerial Finance 40 (2014), pp. 355-375
Purpose -The purpose of this paper is to examine the monitoring effectiveness of insider-dominated boards and outsider-dominated boards on different types of CEOs. Design/methodology/approach -To test whether boards monitor inside CEOs and outside CEOs differently and to compare the sizes of the...
Persistent link: https://www.econbiz.de/10010757797
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Impact of board gender diversity on firm risk
Lenard, Mary Jane; Yu, Bing; York, E. Anne; Wu, Shengxiong - In: Managerial Finance 40 (2014), pp. 787-803
Purpose -The purpose of this paper is to study gender diversity on the board of directors and the relation to risk …-2011. The authors then measure the effect of gender diversity on corporate performance in terms of firm risk, using the model by … Cheng (2008) which measures the variability of stock market return. Findings -The study shows that more gender diversity on …
Persistent link: https://www.econbiz.de/10010812063
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The structure of equity ownership: a survey of the evidence
Basu, Nilanjan - In: Managerial Finance 40 (2014), pp. 1175-1189
Purpose -The purpose of this paper is to review recent research on the structure of equity ownership and its impact on firm value. In doing so, the paper outlines the main issues, surveys the more recent work, and highlights the most promising developments on this topic....
Persistent link: https://www.econbiz.de/10010960139
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Canadian exceptionalism: shareholder proposals, filer identities, and voting outcomes
Yang, Jun; Wang, Eric Zengxiang; An, Yunbi - In: Managerial Finance 38 (2012) May, pp. 456-484
Purpose – The purpose of this paper is to study filer identities and voting outcomes of Canadian shareholder proposals and their impact on shareholders' wealth during the period from 2001 to 2008. Design/methodology/approach – In total, 762 Canadian shareholder proposals and related...
Persistent link: https://www.econbiz.de/10010540351
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Insurance company dividend policy decisions: Evidence on the role of corporate governance and regulation
Jr, Victor A. Puleo; Smith, Frank S.; Casey, K. Michael - In: Managerial Finance 35 (2009) May, pp. 493-500
Purpose – The purpose of this paper is to explore the relationship between good corporate governance and dividend payment in the regulated insurance industry. Design/methodology/approach – A modification of Rozeff's transaction cost/agency cost trade-off model was estimated on a sample of 55...
Persistent link: https://www.econbiz.de/10009245368
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Investment spending and corporate governance: Evidence from the ASE listed firms
Dedoussis, Elias; Papadaki, Afroditi - In: Managerial Finance 36 (2010) March, pp. 201-224
Purpose – The purpose of this paper is to present evidence on the effects that different ownership's structures of Greek listed firms exercise on the relation between investment and liquidity constraints. Design/methodology/approach – Corporate governance in Greece is primarily based on the...
Persistent link: https://www.econbiz.de/10009319844
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The effect of the mandatory adoption of corporate governance mechanisms on earnings manipulation, management effectiveness and firm financing: Evidence from Greece
Chalevas, Constantinos; Tzovas, Christos - In: Managerial Finance 36 (2010) March, pp. 257-277
Purpose – The purpose of this paper is to examine the effect of the mandatory adoption of corporate governance mechanisms on serious firm issues (earnings manipulation, management effectiveness and firm's financing). Design/methodology/approach – Cross-sectional analysis is employed to...
Persistent link: https://www.econbiz.de/10009319851
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Director tenure and the compensation of bank CEOs
Byrd, John; Cooperman, Elizabeth S.; Wolfe, Glenn A. - In: Managerial Finance 36 (2010) February, pp. 86-102
Purpose – The purpose of this paper is to examine how board tenure affects the compensation of CEOs using a sample of 93 publicly traded US banks. Design/methodology/approach – The paper proposes a CEO allegiance hypothesis whereby long-term relationships with executives and other directors...
Persistent link: https://www.econbiz.de/10009319852
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Steel Partners' activism efforts at United Industrial, Ronson, and BKF Capital: The good, the bad, and the ugly
Kruse, Timothy A.; Suzuki, Kazunori - In: Managerial Finance 38 (2012) May, pp. 587-605
Purpose – This paper seeks to analyse Steel Partners' investments and activism targeting United Industrial, Ronson, and BKF Capital to provide context for the debate surrounding shareholder activism by hedge funds and how incumbent management should cope with it. Steel Partners is one of the...
Persistent link: https://www.econbiz.de/10010551586