Showing 1 - 10 of 4,842
a greater likelihood of goodwill impairment. Overall, our findings indicate that controlling shareholders increasingly … expropriate minority shareholders through self-serving corporate takeovers after the stock pledge …
Persistent link: https://www.econbiz.de/10012832661
This paper reviews the theoretical and empirical literature on the role of blockholders (large shareholders) in …
Persistent link: https://www.econbiz.de/10014023374
Recent research on blockholders focuses on activist hedge funds and documents positive stock but negative bond returns. This study investigates the role of blockholder heterogeneity on security market effects and target firm follow-on activities across three important dimensions: identity,...
Persistent link: https://www.econbiz.de/10012976187
This paper analyses lawsuits against shareholders' resolutions according to the German Stock Corporation Act (AktG) and … lawsuit is pending with a court. In particular, mergers have to be implemented without any delay. The minority shareholders … voting power of minority shareholders and create incentives to use the real option inefficiently. Therefore, the majority …
Persistent link: https://www.econbiz.de/10013058808
.S. But we argue that outside investors in European listed firms with controlling shareholders are poorly protected compared … shareholders rather than shielding passive investors, is not well suited for controlled, listed firms. This approach translates … into a lack of definition and development of specific fiduciary duties of the controlling shareholders towards market …
Persistent link: https://www.econbiz.de/10012940905
-specific determinants of dividend payout probabilities. Only the largest shareholders with equity stakes that are either between 25% and 50 …% or above 50% rank among the most important variables. The impact is non-linear. When controlling for shareholders …
Persistent link: https://www.econbiz.de/10012947291
sunset after a fixed period of time (such as ten or fifteen years) unless their extension is approved by shareholders …
Persistent link: https://www.econbiz.de/10011674094
A battle is brewing for control of America's most dynamic companies. Entrepreneurs are increasingly seeking protection from interference or dismissal by public investors through the adoption of dual-class stock structures in initial public offerings. Institutional investors are pushing back,...
Persistent link: https://www.econbiz.de/10011721539
This paper exploits the recent rise in corporate venture capitalists (CVC) to examine the effect of shareholders … information about the CVC. Taken together, this study offers new insights on how a previously unexplored factor—large shareholders …
Persistent link: https://www.econbiz.de/10014353215
' management-agency problems, the more unfavourably shareholders tend to react, leading to more negative cumulative abnormal … returns or rights forfeiture. Controlling shareholders do not forfeit rights, and may increase their percentage ownership at … shareholders …
Persistent link: https://www.econbiz.de/10013061042