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The paper examines the relationship between share ownership by boards of British stock exchange listed companies and accrual based earnings management. It provides the first empirical evidence that the relationship is impacted by UK Company Law and the institutional governance framework.We...
Persistent link: https://www.econbiz.de/10012976190
We scrutinize the impact of dividend policy on stock price volatility by considering the seminal paper of Baskin (1989 …). In this context, we examine the relationship between volatility and three dividend policy indicators, dividend yield …, dividend payout, and stock repurchases, for 1,221 firms in eleven developed and emerging countries in Europe during the 2003 …
Persistent link: https://www.econbiz.de/10013298815
shareholders' rights, recently updated by the Shareholders' Rights Directive II, as well as in light of the U.S. regulation on the … the United States. In particular, we intend to focus on the strong efforts of the Shareholders' Rights Directive II (i) to … of proxy advisors as a fundamental link between shareholders and markets, and (iii) to modify the remuneration issue in …
Persistent link: https://www.econbiz.de/10012900321
exemption for transactions with wholly owned subsidiaries allows controlling shareholders to circumvent the rule extensively … shareholders and creditors. Hence, if the Commission choses to go down this route it might end up with a comprehensive regulation …
Persistent link: https://www.econbiz.de/10010406185
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CEO compensation to expropriate wealth from minority shareholders. We also find that the impact of institutional ownership …
Persistent link: https://www.econbiz.de/10013132662
evidence indicates that controlling families do not use CEO compensation to expropriate wealth from minority shareholders. We …
Persistent link: https://www.econbiz.de/10013116246
Vital in preserving managerial accountability, the firmly established one share, one vote rule provides shareholders …
Persistent link: https://www.econbiz.de/10013133457
-termism in the financial markets, prominent commentators have advocated bolstering the voting rights of long-term shareholders or … preparing a proposal to give 'loyal' shareholders extra voting influence.This commentary discusses the case for departing from …
Persistent link: https://www.econbiz.de/10012857117