Twenty countries around the world have used $27 billion in incentives such as bonus shares and discounts to attract retail investors to participate in privatizations and to discourage them from flipping. Our results show that incentives have performed well, increasing retail investor...

When executives ignore the well being of the company's shareholders for the sake of personal profit and upset the precarious balance of the stock markets, putting into question the ethics of the business world and shifting public opinion, legislators must respond quickly and efficiently with new...

Twenty countries around the world have used $27 billion in incentives such as bonus shares and discounts to attract retail investors to participate in privatizations and to discourage them from flipping their shares. Our results show that incentives have performed well, increasing retail...

La estructura del articulo está dirigida a evaluar la prestación de los Servicios Públicos Domiciliarios de Energía por las empresas públicas municipales EPMs de Bogotá y la Costa Atlántica desde la dirección y presencia de capital chileno y español, a través de las compañías (Emgesa...

The risk represents a continuously presence within the economical environment specific for one market economy, being an essential element for substantiating the economic decisions. The paper presents many analysis models for the operating risk based on studying the breakeven point, the...

This paper shows that incentives created by the impending turnover of local politicians can accelerate the pace of initial public offering (IPO) activity in certain politicized environments. Focusing on China, we exploit a research setting where politicians are rewarded for capital market...

This study visits the role of shareholder proposals in the governance of public corporations by studying withdrawn shareholder proposals. Among all shareholders, unions are the most likely to withdraw proposals. Furthermore, firms with a record of poor performance, lower insider ownership and...

We intend to reveal the causes and the determinants of the omitted shareholder proposals. We find that individual investors are mostly likely to submit a proposal being excluded from the proxy ballot. Since individual investors are not so skillful as institutional investors, we summarize that...

20 countries around the world have used incentive packages, including bonus shares and discounts, to attract retail investors to participate in privatizations. Using a unique dataset, we estimate the total cost of incentive packages at approximately $27 billion. The expiration of bonus share...

We analyze firms' investment behavior, differentiating firms according to the cash flow levels they experience during their lifecycles. We consequently consider the firm as the basic unit and not firm-year observations. Firms with persistent positive cash flow show higher investment-cash flow...