Showing 1 - 10 of 11,281
-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
Vital in preserving managerial accountability, the firmly established one share, one vote rule provides shareholders …
Persistent link: https://www.econbiz.de/10013133457
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
Using the entire universe of Bankscope and Amadeus Top 250,000 we construct the portfolios of shareholders who hold … about 62% of banks' ultimate largest shareholders are diversified investors, holding on average equity investments from … time a specific channel through which financial development, in the form of bank shareholders' diversification, affects the …
Persistent link: https://www.econbiz.de/10013063883
This paper investigates the effects of shareholder protection law on corporate R&D investment. I find that the … rights significantly increase R&D investment for firms that may underinvest, but reduce R&D for firms that may overinvest … an overall more efficient capital allocation to productive R&D investment …
Persistent link: https://www.econbiz.de/10013091334
, an insight into how the ownership structure of a bank affects investment decisions, performance and ultimately insolvency …
Persistent link: https://www.econbiz.de/10013128385
has a positive and significant effect on their investment levels. Our results are consistent with the theory that …
Persistent link: https://www.econbiz.de/10014223408
This paper investigates the link between corporate debt and investment for a group of five peripheral euro area … countries. Using firm-level data from 2005-2014, we postulate a non-linear corporate leverage-investment relationship and derive … thresholds beyond which leverage has a negative and significant impact on investment. The investment sensitivity of debt …
Persistent link: https://www.econbiz.de/10011719911
has a positive and significant effect on their investment levels. Our results are consistent with the theory that …
Persistent link: https://www.econbiz.de/10010312393
connected. From the shareholder’s perspective, we identify some large portfolios with high correlation of investment behaviour …
Persistent link: https://www.econbiz.de/10013295471