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Strong Managers and Passive Institutional Investors in the UK
Goergen, Marc; Renneboog, Luc - 1999
The first striking feature is that ownership of the average UK company is diffuse: a coalition of at least eight … shareholders is required to reach an absolute majority of voting rights. Even though the average firm has a dispersed ownership … than 30 per cent. The ownership structure is also shaped by regulation; the mandatory takeover threshold of 30%, for …
Persistent link: https://www.econbiz.de/10011608485
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Investment policy, internal financing and ownership concentration in the UK
Goergen, Marc (contributor); Renneboog, Luc (contributor) - 2000 - [Elektronische Ressource]
and the tax advantages of debt. More importantly, we investigate whether ownership concentration by class of shareholder … combined equity stakes of families and industrial companies and the Herfindahl index of industrial ownership are high. This …
Persistent link: https://www.econbiz.de/10001537200
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Shareholder Engagement on Environmental, Social, and Governance Performance
Barko, Tamas - 2018
rating adjustments. Activism is more likely to succeed when targets have a good ex ante ESG track record, lower ownership …
Persistent link: https://www.econbiz.de/10012933879
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A Corporate Governance Index : Convergence and Diversity of National Corporate Governance Regulations
Martynova, Marina - 2010
The issue of appropriate corporate governance framework has been a focal point of recent reforms in many countries. This study provides a comprehensive comparative analysis of corporate governance regulatory systems and their evolution over the last 15 years in 30 European countries and the US....
Persistent link: https://www.econbiz.de/10013147498
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Managerial Remuneration and Disciplining in the UK : A Tale of Two Governance Regimes
Renneboog, Luc - 2010
We simultaneously analyze two mechanisms of the managerial labor market (CEO turnover and remuneration schemes) in two different regulatory regimes, namely before and after the sweeping governance reforms adopted in the UK in the 1990s. We employ sample selection models to examine firms in a...
Persistent link: https://www.econbiz.de/10013135217
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How do Mergers and Acquisitions Affect Bondholders in Europe? Evidence on the Impact and Spillover of Governance and Legal Standards
Renneboog, Luc; Szilagyi, P.G. - Tilburg University, Center for Economic Research - 2006
This paper contributes to the comparative corporate governance literature by showing how cross-country differences in governance and legal standards affect the bondholder wealth effects of European merger and acquisitions (M&As).Using investment-grade Eurobonds, we find some remarkable...
Persistent link: https://www.econbiz.de/10011090642
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Recent Developments in German Corporate Governance
Renneboog, Luc; Goergen, M.; Manjon, M.C. - Tilburg University, Center for Economic Research - 2004
We contrast the features of the German corporate governance system with those of other systems and discuss the recent regulatory initiatives.For example, the rules on insider trading and anti-trust have been strengthened.The Restructuring Act has been revised to prevent minority shareholders...
Persistent link: https://www.econbiz.de/10011090720
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Corporate Governance Convergence : Evidence from Takeover Regulation Reforms in Europe
Renneboog, Luc; Goergen, M.; Martynova, M. - Tilburg University, Center for Economic Research - 2005
reforms for the ownership and control.However, we find that, while in some countries the adoption of a unified takeover code … may result in dispersed ownership, in others it may further consolidate the blockholder-based system. …
Persistent link: https://www.econbiz.de/10011092169
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A Corporate Governance Index : Convergence and Diversity of National Corporate Governance Regulations
Renneboog, Luc; Martynova, M. - Tilburg University, Center for Economic Research - 2010
The issue of appropriate corporate governance framework has been a focal point of recent reforms in many countries. This study provides a comprehensive comparative analysis of corporate governance regulatory systems and their evolution over the last 15 years in 30 European countries and the US....
Persistent link: https://www.econbiz.de/10011092184
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The Managerial Labor Market and the Governance Role of Shareholder Control Structures in the UK
Renneboog, Luc; Trojanowski, G. - Tilburg University, Center for Economic Research - 2002
investigate whether specific corporate governance mechanisms (different types of blockholders or of boards of directors) have an …
Persistent link: https://www.econbiz.de/10011092291