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This study deals with the major determinants of company shareholder activism investigated with according to a set of SBF 120 listed firms. Based on a sample of 77 companies, observed over the period 2008-2012, we are led to conclude that some firm governance characteristics do appear to affect...
Persistent link: https://www.econbiz.de/10011559202
This paper describes the Chinese economic and institutional reform process as a gradual transition of an informal, relation-based governance system into a more formal and rule-based governance system. The consequences of macro-level institutional reforms on the importance of personal...
Persistent link: https://www.econbiz.de/10010277349
In recent years, the debate on corporate governance has considerably grown worldwide. In this scenario, corporate governance disclosure is gaining greater attention and the advent of integrated reporting offers a new interesting channel to companies for the dissemination of corporate governance...
Persistent link: https://www.econbiz.de/10012290011
This paper develops a new insight enabling the empirical study of media capture: minority shareholders of newspapers …. Empirical data is consistent with increasing levels of looting in France during the 1930s. We provide a comparison with Britain …
Persistent link: https://www.econbiz.de/10010316814
This essay discusses the corporate governance of banks. Bank managers must balance competing demands from shareholders … third section then spells out a recommendation for a logically consistent regime in which shareholders (equity governance …
Persistent link: https://www.econbiz.de/10011689905
investors. In a famous study by La Porta et al. (1998) it is concluded that the rights of shareholders are more advanced in … for equal treatment of shareholders. Moreover, we review the spezial rules of minority protection in our Companies Act to … provide a broader view of the legal landscape that Finnish minority shareholders inhabit. In passing, we make some comparisons …
Persistent link: https://www.econbiz.de/10010285271
This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax preference of the controlling shareholder on dividend policy for a panel of 220 German firms over 1984-2005. While the concentration of control does not have an effect on the...
Persistent link: https://www.econbiz.de/10010291127
Eine der herausragenden Entwicklungen auf den internationalen Finanzmarkten in den letzten Jahren ist die Institutionalisierung, d. h. die zunehmende Delegation privater Ersparnisse an professionelle Kapitalanleger - den institutionellen Investoren. Darunter sind private...
Persistent link: https://www.econbiz.de/10010300917
over management's portfolio selection. The paper demonstrates that rational shareholders - that anticipate these endogenous …
Persistent link: https://www.econbiz.de/10012013655
This paper investigates the role of institutional investors in the improvement of corporate governance for the companies in which they invest (investee companies) using evidence about the attributes of boards of directors across 15 countries. Furthermore, this paper examines the extent to which...
Persistent link: https://www.econbiz.de/10012611723