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Sustainability Disclosure, Dominant Owners and Earnings Informativeness
Bona‐Sánchez, Carolina - 2014
and/or reputation concerns driving sustainability disclosure. To the extent that market participants interpret this …
Persistent link: https://www.econbiz.de/10013048696
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A Simple Model of Corporate Fiduciary Duties : With an Application to Corporate Compliance
Bunting, W.C. - 2020
selection where the principal seeks truthful disclosure of private information held by the agent. This model of corporate …
Persistent link: https://www.econbiz.de/10012826512
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Control Matters : Law and Economics of Private Benefits of Control
Pacces, Alessio M. - 2009
ownership and control by protecting minority shareholders from expropriation. This paper takes a broader perspective on the … economic and legal determinants of corporate governance. It shows that legal entitlements to corporate control and their … exchange on the market are as important as investor protection. This is based on a third category of ‘idiosyncratic' private …
Persistent link: https://www.econbiz.de/10013157148
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Codetermination : The Presence of Workers on the Board. A Depth Analysis
Forcillo, Donato - 2017
We show the most relevant literature regarding the corporate governance system of Codetermination, which includes the presence of workers' representatives on the board. The aim is to thoroughly analyse the topic and to fill a gap present in the current literature, the absence of an updated and...
Persistent link: https://www.econbiz.de/10012945342
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Ownership, Governance and US Securities Regulation : The Case for a 'Learning Regulator'
Pichhadze, Aviv - 2014
framework and its amplification via different policy initiatives. The consequence of imbalance between market realities and …
Persistent link: https://www.econbiz.de/10013068598
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Contemporary Corporate Governance - Shifting of the Accents
Dankova, Petya - 2012
In contemporary corporate governance accents are shifting. The corporation is not just an instrument for providing the corporate owners' well-being – the corporation should be regarded as an important social institution with a strong influence on the community's life. Corporate governance is...
Persistent link: https://www.econbiz.de/10013098122
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Passive Ownership and Earnings Manipulation
Baig, Ahmed - 2020
We examine the relation between passive ownership and financial reporting quality measured by Beneish's (1999) earnings' manipulation score (M-score). We find that passive ownership is negatively related to M-score and to the likelihood of being designated as a “manipulator” firm. However,...
Persistent link: https://www.econbiz.de/10012853107
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Outside Investor Access to Top Management : Market Monitoring vs. Stock Price Manipulation
Schroth, Josef - 2020
This paper studies the role of voluntary disclosure in crowding out independent research about firm value. In the model …
Persistent link: https://www.econbiz.de/10012826268
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Managerial Incentives Explanation of Equity Carve-Outs Initial Returns
Seistrajkova, Biljana - 2017
This paper studies the first day return of 227 carve-outs during 1996-2013. I find that the first day return of newly issued subsidiary stocks is explained by the reporting distortions in the pre IPO period, conditioned on whether the executives and directors of the subsidiary received stock...
Persistent link: https://www.econbiz.de/10012970504
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Ownership Structure, Control Contestability, and Corporate Debt Maturity
Ben‐Nasr, Hamdi - 2015
The corporate governance literature has shown that self-interested controlling owners tend to divert corporate resources for private benefits at the expense of other shareholders. Such behavior leads the controlling owners to prefer long maturity debt to short maturity debt, to avoid frequent...
Persistent link: https://www.econbiz.de/10013014423