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Shareholder Engagement Inside and Outside the Shareholder Meeting

Bowley, Tim; Hill, Jennifer G.; Kourabas, Steve - 2023

Important capital market, regulatory and technological developments have created greater investor appetite and capacity for engagement with public companies. This development is highlighted by investors’ current efforts to engage with companies in various markets on material environmental,...

Persistent link: https://www.econbiz.de/10014348828

Horizontal Shareholding

Elhauge, Einer - 2016

Horizontal shareholdings exist when a common set of investors own significant shares in corporations that are horizontal competitors in a product market. Economic models show that substantial horizontal shareholdings are likely to anticompetitively raise prices when the owned businesses compete...

Persistent link: https://www.econbiz.de/10013004193

The Causal Mechanisms of Horizontal Shareholding

Elhauge, Einer - 2020

Although empirical studies show that common shareholding affects corporate conduct and that common horizontal shareholding lessens competition, critics have argued that the law should not take any action until we have clearer proof on the causal mechanisms. I show that we actually have ample...

Persistent link: https://www.econbiz.de/10012849569

Stakeholders and shareholders are executives really "penny wise and pound foolish" about ESG?

Larcker, David F.; Tayan, Brian; Trivedi, Vinay; … - 2019

Currently, there is much debate about the role that non-investor stakeholder interests play in the governance of public … more equitably shared among investors and society. However, advocacy for a more stakeholder-centric governance model is … the CEOs and CFOs of companies in the S&P 1500 Index to understand the extent to which they incorporate stakeholder needs …

Persistent link: https://www.econbiz.de/10012244406

ESG-Linked Compensation, CEO Skills, and Shareholders’ Welfare

HomRoy, Swarnodeep; Mavruk, Taylan; Nguyen, Diem - 2022

CEO pay reflect stakeholder welfare. Using granular information on contract design from Swedish firms, we show that ESG …

Persistent link: https://www.econbiz.de/10014236207

Is Shareholder Primacy a Reality in Brazil? An Analysis of the Duties of Corporate Managers from Multiple Perspectives

Di Miceli da Silveira, Alexandre - 2015

I analyze the current prevalence of the concept of shareholder value maximization in Brazil from the normative, case law, and managerial perspectives. On the normative aspect, I show that Brazilian corporate law is much closer to a balanced and socially oriented perspective for the role of...

Persistent link: https://www.econbiz.de/10013019663

What Purpose Do Corporations Purport? Evidence from Letters to Shareholders

Rajan, Raghuram Govind; Ramella, Pietro; Zingales, Luigi - National Bureau of Economic Research - 2023

focusing on shareholder interests while incorporating stakeholder interests as interim goals. Goals also do seem to be …

Persistent link: https://www.econbiz.de/10014247976

Corporate governance, corporate and employment law, and the costs of expropriation

Ecchia, Giulio; Gelter, Martin; Pasotti, Piero - 2011

It is one of the well-known cornerstones of corporate governance that (minority) share-holders are subject to a risk of being expropriated by the controller of the firm, i.e. either entrenched management under a dispersed ownership structure or a controlling share-holder under concentrated...

Persistent link: https://www.econbiz.de/10011734959

The Corporation Reborn : From Shareholder Primacy to Shared Governance

Hayden, Grant M. - 2020

The consensus around shareholder primacy is crumbling. Investors, long assumed to be uncomplicated profit-maximizers, are looking for ways to express a wider range of values in allocating their funds. Workers are agitating for greater voice at their workplaces. And prominent legislators have...

Persistent link: https://www.econbiz.de/10012848084

Shareholder Primacy and Corporate Compliance

Sneirson, Judd F. - 2015

Corporations, like the rest of us, must comply with environmental and other laws or suffer the consequences. Unfortunately, these consequences can pale in comparison to the gains to be made from non-compliance. Law-and-economics scholarship recognizes this and, by treating many laws as mere...

Persistent link: https://www.econbiz.de/10014137951

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