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, less balance of power among large shareholders, and weaker board characteristics. Research limitations/implications: The …
Persistent link: https://www.econbiz.de/10013090224
Corporate law and governance scholarship has traditionally focused on understanding the agency costs that result from unresolved conflicts of interest between shareholders and management. This agency problem becomes trivial when corporate ownership is concentrated, as is the case in many...
Persistent link: https://www.econbiz.de/10012871106
shareholder benefit. However, predicting CEO behaviour remains challenging, especially when considering CEO power (CEOP). Hence … 2010 to 2020. Utilizing the Entropy weight methodology, a CEOP index combines structural, ownership, and expert power … the Chief Executive Officer (CEO). Hence, this study explores the interaction between CEO power and firm risk-taking in …
Persistent link: https://www.econbiz.de/10014526511
We identify the power of institutional blockholders to influence management using previous occurrences of forced CEO …
Persistent link: https://www.econbiz.de/10012970065
voting power indices, is proposed, and the different measures are compared using a sample of large listed German firms. The …
Persistent link: https://www.econbiz.de/10002176898
voting power indices, is proposed, and the different measures are compared using a sample of large listed German firms. The …
Persistent link: https://www.econbiz.de/10011450369
Minority shareholdings have been on the regulatory agenda of competition authorities for some time. Recent empirical studies, however, draw attention to a new, thought provoking theory of harm: common ownership by institutional investors holding small, parallel equity positions in several...
Persistent link: https://www.econbiz.de/10013241599
Common ownership exists when investors concurrently hold partial and significant shares in related firms. In this paper, I compile, document, and taxonomize 30 separate cases of intervention to demonstrate how common owners influence firm behavior. Although previous literature has identified a...
Persistent link: https://www.econbiz.de/10012827564
In the UK Listing Review it is suggested that the London Stock Exchange should allow companies with dual class share (DCS) structures with differentiated voting rights to list on the Premium segment. In this paper, we discuss this proposal. First, we present an overview of the DCS-debate...
Persistent link: https://www.econbiz.de/10013233166