Narrow search
Showing 1 - 10 of 3,745
Cover Image
Performance benefits of tight control
Gill, Andrej; Visnjic, Nikolai - 2013
This study investigates the transition from being a listed company with a dispersed ownership structure to being a privately held company with a concentrated ownership structure. We consider a sample of private equity backed portfolio companies to evaluate the consequences of the corporate...
Persistent link: https://www.econbiz.de/10010225758
Cover Image
Shareholders at the Gate? Institutional Investors and Cross-Border Mergers and Acquisitions
Ferreira, Miguel A. - 2009
We study the role of institutional investors in cross-border mergers and acquisitions (M&As). We find that foreign institutional ownership is positively associated with the intensity of cross-border M&A activity worldwide. Foreign institutional ownership increases the probability that a merger...
Persistent link: https://www.econbiz.de/10013158587
Cover Image
Shareholder Monitoring Through Voting : New Evidence from Proxy Contests
Brav, Alon; Jiang, Wei; Li, Tao; Pinnington, James - 2023
-contest periods. We conclude that passive funds are engaged shareholders in high-stake voting events …
Persistent link: https://www.econbiz.de/10014255108
Cover Image
The consequences to directors of deploying poison pills
Johnson, William C.; Karpoff, Jonathan M.; Wittry, … - 2019 - First complete draft: August 30, 2019
We examine the labor market consequences for directors who adopt poison pills. Directors who become associated with pill adoption experience significant decreases in vote margins and increases in termination rates across all their directorships. They also experience a decrease in the likelihood...
Persistent link: https://www.econbiz.de/10012120332
Cover Image
Shareholders, Not Politicians, Should Decide on Takeovers
Jessop, Julian - 2021
about how free markets can work to the benefit of all. Shareholders, not politicians, should decide how to run their … preferable to a more protectionist approach, where change is resisted, competitive pressures are weakened, and shareholders …
Persistent link: https://www.econbiz.de/10013224806
Cover Image
Weak Governance by Informed Active Shareholders
Goldman, Eitan - 2020
Do informed shareholders who can influence corporate decisions improve governance? We demonstrate this may not be … conditions under which giving the active shareholder greater influence power weakens governance and reduces firm value, even if … such influence power can be used to reject bad takeovers ex post. Our model sheds light on why relying on informed, active …
Persistent link: https://www.econbiz.de/10012855567
Cover Image
Corporate Control Activism
Corum, Adrian Aycan - 2018
acquisition, bidders have a fundamental conflict of interests with target shareholders from which activist investors are immune …
Persistent link: https://www.econbiz.de/10012937295
Cover Image
The Effect of Liquidity on Governance
Edmans, Alex - 2018
This paper studies the effect of stock liquidity on blockholder governance. Conditional upon acquiring a stake, liquidity reduces the likelihood that a blockholder governs through voice (intervention) – as shown by the greater propensity to file Schedule 13Gs (passive investment) than 13Ds...
Persistent link: https://www.econbiz.de/10012940410
Cover Image
Geographic Concentration of Institutional Investors and the Market for Corporate Control
Huang, Jiekun - 2019
This paper examines the relation between the geographic concentration of institutional shareholders and shareholder … shareholders experience significantly higher abnormal returns around the takeover announcement. In a similar vein, acquirer firms … with a greater geographic concentration of institutional shareholders are associated with higher acquisition announcement …
Persistent link: https://www.econbiz.de/10012905918
Cover Image
Rethinking 'One Share, One Vote'
Wong, Simon C. Y. - 2020
-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