affect financial performance. According to this theory, two event studies are conducted to analyze the impact of publishing …

, however measured, and the range of activities conducted by them Is size positively related to total returns to shareholders …? If so, does this involve gains in efficiency or transfers of wealth to shareholders from other constituencies, or maybe … shareholders and customers, or can it work against their interests in ways that may ultimately impede shareholder value as well …

-voting) shareholders to veto unfavorable changes in their class rights. Based on a novel hand-collected dataset of dual class stock … significant effect of improved protection of preferred shareholders on the value of their shares. The result is robust to several …

-voting) shareholders to veto unfavorable changes in their class rights. Based on a novel hand-collected dataset of dual class stock … significant effect of improved protection of preferred shareholders on the value of their shares. The result is robust to several …

higher takeover prices, which is expected to increase shareholders' wealth. These two hypotheses have been widely tested in …

Finance theory does not provide a comprehensive framework for explaining risk management within the imperfect financial … suggests that managers act in the best interest of shareholders. They hedge to reduce real costs like taxes, costs of financial … distress and costs of external finance or to replace home-made hedging by shareholders. The second category considers that …

suppliers as well as shareholders compared to shareholderoriented firms. Societies with stakeholder-oriented firms have higher …

for risk assessment. How far, then, should this "new" view of corporate performance be extended to outsider shareholders …? Current reporting practice does not provide these shareholders with an adequate idea of the character and magnitude of the … relevant information transmitted to outsider shareholders. …