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The Vote is Cast : The Effect of Corporate Governance on Shareholder Value
Cuñat, Vicente - 2010
This paper estimates the effect of corporate governance provisions on shareholder value and long-term outcomes in S&P1500 firms. We apply a regression discontinuity design to shareholder votes on governance proposals in annual meetings. A close-call vote around the majority threshold is akin to...
Persistent link: https://www.econbiz.de/10013135406
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Stock Pyramids, Cross-Ownership, and the Dual Class Equity : the Creation and Agency Costs of Seperating Control from Cash Flow Rights
Bebchuk, Lucian A. - 2010
associated with controlling shareholders who hold a majority of the cash flow rights in their companies. The agency costs of …
Persistent link: https://www.econbiz.de/10012763575
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The State of Corporate Governance Research
Bebchuk, Lucian A. - 2011
work on shareholders and shareholder activism, directors, executives and their compensation, controlling shareholders …
Persistent link: https://www.econbiz.de/10013134144
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Shareholder Trading Practices and Corporate Investment Horizons
Froot, Kenneth - 2012
an information ea between management and outside shareholders. In the presence of such a gap, maximizing short-run and … actions that will reduce long-run value. In such a case, management faces the dilemma of which shareholders to please: those …
Persistent link: https://www.econbiz.de/10013115409
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Private Benefits of Control : An International Comparison
Dyck, I. J. Alexander - 2002
important in curbing these private benefits. A high degree of statutory protection of minority shareholders and high degree of …
Persistent link: https://www.econbiz.de/10012787369
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Corporate Governance and Blockchains
Yermack, David - 2015
managers, institutional investors, small shareholders, auditors, and other parties involved in corporate governance. The lower …
Persistent link: https://www.econbiz.de/10013010282
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Governance and Comovement Under Common Ownership
Edmans, Alex - 2014
This paper studies the corporate governance and asset pricing implications of investors owning blocks in multiple firms. Common wisdom is that multi-firm ownership weakens governance because the blockholder is spread too thinly. We show that this need not be the case. In a single-firm benchmark,...
Persistent link: https://www.econbiz.de/10013048056
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Are the Seeds of Bad Governance Sown in Good Times?
Schoar, Antoinette - 2015
GIM Index or the proportion of activist shareholders. Following these special meetings, we find that the next quarter …
Persistent link: https://www.econbiz.de/10013037964
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Corporate Governance and the Plight of Minority Shareholders in the United States Before the Great Depression
Lamoreaux, Naomi R.; Rosenthal, Jean-Laurent - 2022
position to benefit themselves at the expense of minority shareholders -- were endemic to corporations in the late …, however, was to give controlling shareholders the power to extract more than their fair share of their enterprise's profits …
Persistent link: https://www.econbiz.de/10013324108
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Corporate Control Around the World
Aminadav, Gur - 2017
shareholders from the complex, pyramidal, and often obscure corporate structures. First, we show that there are large differences …
Persistent link: https://www.econbiz.de/10012966589