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strengthening shareholder power to alleviate the conflict between shareholders and management can also have the unintended … consequence of intensifying the conflict between current and future shareholders …
Persistent link: https://www.econbiz.de/10013116721
Purpose: This study explores the probability of expropriation of minority shareholders by controlling shareholders in …-2010.Design/methodology/approach: We use a direct method to gauge controlling shareholders' tunneling and expropriation of … minority shareholders, and we present a simple model to link corporate governance and the degree of entrenchment by the largest …
Persistent link: https://www.econbiz.de/10013090224
Using the most recent data available, I examine the influence of large shareholders and institutional investors on …
Persistent link: https://www.econbiz.de/10012900211
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
shareholders far removed from the firm's day-to-day operations; and delegated management, which opens up the possibility for … appointment rights, by which shareholders retain the right to appoint and remove directors. Next, it focuses on core decision …
Persistent link: https://www.econbiz.de/10011674062
shareholders is smaller or when savings banks are family firms. Practical implications: Outside directors can not only play the …
Persistent link: https://www.econbiz.de/10014234822
background for the drivers of shareholders' responses to these three corporate decisions. In other words, I will provide answers … events might be perceived by shareholders as either positive or negative signals concerning perspectives and future cash …
Persistent link: https://www.econbiz.de/10014444882
it easier for blockholders to obtain a board seat, proxy access rules or bylaws can benefit shareholders …
Persistent link: https://www.econbiz.de/10012906210
How and to what extent do managerial control benefits shape the efficiency of the takeover market? We revisit this question by estimating both the dark and bright sides of managerial control benefits in an industry equilibrium model. On the dark side, managers' private benefits of control...
Persistent link: https://www.econbiz.de/10012898784
Higher CEO incentives can both reduce the conflict between management and shareholders, thereby making blockholder …
Persistent link: https://www.econbiz.de/10013403051