Narrow search
Showing 1 - 10 of 10,950
Cover Image
Does Classical Liberalism Imply Democracy?
Ellerman, David - 2015
There is a fault line running through classical liberalism as to whether or not democratic self-governance is a necessary part of a liberal social order. The democratic and non-democratic strains of classical liberalism are both present today — particularly in America. Many contemporary...
Persistent link: https://www.econbiz.de/10014144101
Cover Image
Why ‘Democracy’ and ‘Drifter’ Firms can have Abnormal Returns : The Joint Importance of Corporate Governance and Abnormal Accruals in Separating Winners from Losers
Kee, Koon Boon - 2010
removing firms with Low AA attenuates the good governance (Democracy) portfolio returns to no different from zero over the … period of 1991-2008. Good governance per se no longer pays off. Isolating the long portfolio of Democracy firms with Low AA … abnormal future returns as predicted in the seminal paper by Sloan (1996), but Democracy firms have positive abnormal returns …
Persistent link: https://www.econbiz.de/10013140085
Cover Image
The Future of Shareholder Democracy
Fairfax, Lisa M. - 2012
This Article seeks to ascertain the impact of the Securities and Exchange Commission's rejection in 2007 of a proxy access rule, a rule that would have required corporations to include shareholder-nominated candidates on the ballot. On the one hand, the SEC's rejection appears to be a stunning...
Persistent link: https://www.econbiz.de/10013099005
Cover Image
Why ‘Democracy’ and ‘Drifter’ Firms can have Abnormal Returns : The Joint Importance of Corporate Governance and Abnormal Accruals in Separating Winners from Losers
Kee, Koon Boon - 2014
removing firms with Low AA attenuates the good governance (Democracy) portfolio returns to no different from zero over the … period of 1991-2008. Good governance per se no longer pays off. Isolating the long portfolio of Democracy firms with Low AA … abnormal future returns as predicted in the seminal paper by Sloan (1996), but Democracy firms have positive abnormal returns …
Persistent link: https://www.econbiz.de/10013069518
Cover Image
Does Pay Activism Pay Off for Shareholders? Shareholder Democracy and its Discontents
Dasgupta, Sudipto - 2017
probability is sufficiently large. Outrage is costly for the board. Shareholder democracy, by enabling outrage to constrain board …
Persistent link: https://www.econbiz.de/10012975628
Cover Image
Shareholder Democracy in Play : Career Consequences of Proxy Contests
Fos, Vyacheslav - 2015
This paper shows that proxy contests have a significant adverse effect on careers of incumbent directors. Following a proxy contest, directors experience a significant decline in number of directorships not only in the targeted company, but also in other non-targeted companies. The results are...
Persistent link: https://www.econbiz.de/10013035358
Cover Image
Democracy and corporate R&D investment
Quoc Trung Tran - In: Borsa Istanbul Review 22 (2022) 3, pp. 465-476
democracy on both corporate investment in R&D and investment efficiency are stronger when shareholders have strong legal … of 114,318 observations from 34 countries over the period 2002–2016, we find that democracy is negatively related to R …&D expenditure and positively associated with R&D investment efficiency. These findings imply that a democratic environment helps …
Persistent link: https://www.econbiz.de/10013334772
Cover Image
Elections, economic development and debt servicing in Africa
Quaicoe, Serebour - In: Cogent economics & finance 11 (2023) 1, pp. 1-20
Despite the growing public debate on fiscal surprise during election periods in jurisdictions where the democratic dispensation is young, comprehensive empirical works to this effect in the case of Africa are hard to find. This study, therefore, sought to contribute to the debate on two counts....
Persistent link: https://www.econbiz.de/10014500527
Cover Image
Economic Globalisation, Democracy and Income in Sub-Saharan Africa: A Panel Cointegration Analysis
Sakyi, Daniel - 2011
globalisation and democracy on income in sub-Saharan Africa using panel cointegration techniques. The paper considers a composite … indicator for economic globalisation and several alternative indicators of democracy and highlights the essence of the … simultaneous adoption of economic globalisation and democracy for sub- Saharan African countries. The empirical results based on a …
Persistent link: https://www.econbiz.de/10010305611
Cover Image
Economic voting and economic revolutionizing? : the economics of incumbency changes in European democracies and revolutionary events in the Arab World
Möller, Marie - 2011
; Degree of Democracy ; Dictatorship …
Persistent link: https://www.econbiz.de/10009382370