Similar Search Results

The Corporate Governance Role of the Media : Evidence from Russia

Dyck, Alexander - 2006

We study the effect of media coverage on corporate governance by focusing on Russia in the period 1999-2002. This setting offers us three ideal conditions for such a study: plenty of corporate governance violations, no alternative mechanisms to address them, and the presence of an investment...

Persistent link: https://www.econbiz.de/10012466140

The Corporate Governance Role of the Media

Dyck, Alexander - 2002

In this paper we discuss the role of the media in pressuring corporate managers and directors to behave in ways that are 'socially acceptable'. Sometimes this coincides with shareholders' value maximization, others not. We provide both anecdotal and systematic evidence that media affect...

Persistent link: https://www.econbiz.de/10012469397

Is Pollution Value-Maximizing? The DuPont Case

Shapira, Roy - 2017

DuPont, one of the most respectable U.S. companies, caused environmental damage that ended up costing the company around a billion dollars. By using internal company documents disclosed in trials we rule out the possibilities that this bad outcome was due to ignorance, an unexpected realization,...

Persistent link: https://www.econbiz.de/10012010571

What Purpose Do Corporations Purport? Evidence from Letters to Shareholders

Rajan, Raghuram Govind; Ramella, Pietro; Zingales, Luigi - National Bureau of Economic Research - 2023

find goal announcements are associated with management's responses to the firm's (possibly changed) circumstances, with the … changing power and preferences of key constituencies, as well as from management's attempts to deflect scrutiny. While … announced opportunistically to deflect attention and alleviate pressure on management …

Persistent link: https://www.econbiz.de/10014247976

Private Sanctions

Hart, Oliver D.; Thesmar, David; Zingales, Luigi - National Bureau of Economic Research - 2022

We survey a representative sample of the U.S. population to understand stakeholders' desire to see their firms exit Russia after the invasion of Ukraine. 61% of respondents think that firms should exit Russia, regardless of the consequences. Only 37% think that leaving Russia is a purely...

Persistent link: https://www.econbiz.de/10013477220