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bidder outside blockholders as either aggressive monitors or moderate monitors, and tests whether the degrees of monitoring … target and bidder. The results support the premise that better monitoring leads to higher gains for shareholders in a …/value – These findings imply that agency conflicts on either side of a takeover bid may be reduced by better monitoring, but …
Persistent link: https://www.econbiz.de/10010814838
bidder outside blockholders as either aggressive monitors or moderate monitors, and tests whether the degrees of monitoring … target and bidder. The results support the premise that better monitoring leads to higher gains for shareholders in a …/value – These findings imply that agency conflicts on either side of a takeover bid may be reduced by better monitoring, but …
Persistent link: https://www.econbiz.de/10014941404
This paper provides empirical evidence showing that dual-class firms use dividend payments to mitigate agency problems while using repurchases of superior shares to maintain the private benefits of control. With a sample of dual-class firms from 1994 to 2015 that have both their superior voting...
Persistent link: https://www.econbiz.de/10012903381
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
shareholder proposals. Special attention is paid to Canadian features of shareholder activism, and differences between Canadian … and US shareholder proposals are highlighted and discussed. The paper thus extends shareholder activism studies from …
Persistent link: https://www.econbiz.de/10010540351
in 2006. Findings – Consistent with an agency view of dividends functioning to reduce the need for firm monitoring, it … implications – Regulated firms in the insurance industry do not need to be subjected to the external monitoring forced by high …
Persistent link: https://www.econbiz.de/10009245368
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
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
expertise hypothesis that predicts superior monitoring of executives by directors with longer tenure. A generalized least …
Persistent link: https://www.econbiz.de/10009319852
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 …. Design/methodology/approach – An in-depth clinical analysis of Steel Partners activism at three targets is performed. Context …
Persistent link: https://www.econbiz.de/10010551586