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Employee Ownership, Board Representation, and Corporate Financial Policies.
Ginglinger, Edith; Waxin, Timothée; Megginson, William - Université Paris-Dauphine
(dividends and share repurchases) policy or board organization and performance. Directors elected by employees by right …
Persistent link: https://www.econbiz.de/10008551689
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Employee Ownership, Board Representation, and Corporate Financial Policies
Ginglinger, Edith; Megginson, William; Waxin, Timothée - Université Paris-Dauphine (Paris IX) - 2011
French law mandates that employees of publicly listed companies can elect two types of directors to represent employees. Privatized companies must reserve board seats for directors elected by employees by right of employment, while employee-shareholders can elect a director whenever they hold at...
Persistent link: https://www.econbiz.de/10010708775
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Employee Ownership, Board Representation, and Corporate Financial Policies
Ginglinger, Edith; Waxin, Timothée; Megginson, William - Université Paris-Dauphine (Paris IX) - 2009
(dividends and share repurchases) policy or board organization and performance. Directors elected by employees by right …
Persistent link: https://www.econbiz.de/10011074058
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When Cutting Dividends Is Not Bad News : The Case of Optional Stock Dividends
David, Thomas - 2016
We provide evidence on optional stock dividends, a mechanism that allows shareholders to choose between stock dividends … and cash dividends. We find that, in contrast to dividend cuts, shareholders do not view this option as bad news. They … overwhelmingly approve it at general meetings, with the majority favoring stock dividends over cash dividends. We find that large …
Persistent link: https://www.econbiz.de/10013001538
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Actual Share Repurchase and Corporate Liquidity
Ginglinger, Edith - 2004
Research into the impact of open market share repurchases has been hindered by the lack of data available on actual share repurchases in many countries, including the U.S. Using a previously unaccessed database containing detailed information on 36,848 repurchase days concerning 352 French...
Persistent link: https://www.econbiz.de/10012738567
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Employee Ownership, Board Representation, and Corporate Financial Policies
Megginson, William L. - 2015
impact corporate payout (dividends and share repurchases) policy or board organization and performance. Directors elected by …
Persistent link: https://www.econbiz.de/10012707530
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Cash Holdings, Corporate Governance and Financial Constraints
Ginglinger, Edith - 2015
We examine the relation between cash holdings, quality of governance and financial constraints. We find that firms with strong shareholder rights hold more cash, contrary to the predictions of agency theory. This result is partly due to the positive correlation that exists between governance...
Persistent link: https://www.econbiz.de/10012707548
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Actual Share Repurchases, Timing and Corporate Liquidity
Ginglinger, Edith - 2015
Research on the impact of open market share repurchases has been hindered by the lack of data available on actual share repurchases in many countries, including the US. Using a previously unused database containing detailed information on 36,848 repurchases made by 352 French firms, we show that...
Persistent link: https://www.econbiz.de/10012708111
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Actual Share Repurchases and Corporate Liquidity
Ginglinger, Edith - 2015
Research into the impact of open market share repurchases has been hindered by the lack of data available on actual share repurchases in many countries, including the U.S. Using a previously unaccessed database containing detailed information on 36,848 repurchase days concerning 352 French...
Persistent link: https://www.econbiz.de/10012708158
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Ownership Structure and Open Market Stock Repurchases in France
Ginglinger, Edith - 2015
This paper examines open market stock repurchases in France. We find an average positive market reaction on the announcement. However, the magnitude of price reaction is found to be dependent on a number of measures of corporate governance structure. The positive aspects of the announcement...
Persistent link: https://www.econbiz.de/10012708259