Showing 1 - 10 of 731
work on shareholders and shareholder activism, directors, executives and their compensation, controlling shareholders …
Persistent link: https://www.econbiz.de/10013134144
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
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
managers, institutional investors, small shareholders, auditors, and other parties involved in corporate governance. The lower …
Persistent link: https://www.econbiz.de/10013010282
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
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
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
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
and is now the second largest in the world. Due to China's tight capital controls, the development of its capital market … bound to change substantially as China becomes more integrated into the global financial system. In this paper, we provide …
Persistent link: https://www.econbiz.de/10012926413
that the only industries in which listed companies in China display strong performance are public utilities, transportation …
Persistent link: https://www.econbiz.de/10012762840