Showing 1 - 10 of 56,797
Persistent link: https://www.econbiz.de/10009529150
Persistent link: https://www.econbiz.de/10010255502
Persistent link: https://www.econbiz.de/10010503541
Persistent link: https://www.econbiz.de/10009681974
Shareholder litigation has been heavily criticized for its inability to compensate harmed shareholders or deter … approach. I propose allowing shareholders to enforce charter and bylaw provisions that require arbitration of certain disputes … customized on a company-by-company basis, shareholders could set a better balance between costs and benefits than the ham …
Persistent link: https://www.econbiz.de/10013067099
in an attempt to delay and frustrate the raider and to keep the offer away from the shareholders …
Persistent link: https://www.econbiz.de/10013157856
shareholders. However, in general, target stock price reactions to bid announcements do not appear to fully anticipate the positive …
Persistent link: https://www.econbiz.de/10012976259
Using the staggered adoption of universal demand (UD) laws in the United States, we show that the reduction in shareholder litigation risk deteriorates firms' stock price informativeness. This reduction in stock price informativeness is due to firms changing the way they invest rather than...
Persistent link: https://www.econbiz.de/10012851349
We examine the effect of shareholder litigation rights on managers' acquisition decisions. Our experimental design exploits a U.S. Ninth Circuit Court of Appeals ruling on July 2, 1999 that resulted in a reduction in shareholder class actions. We find that, since the ruling, firms in Ninth...
Persistent link: https://www.econbiz.de/10012853276
controlling these agency costs, allowing shareholders to sue if directors overstep legal limits. Shareholder litigation, however …
Persistent link: https://www.econbiz.de/10012925067