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in Europe and Latin America, where several governments are large shareholders in a variety of public firms. In a sense …, the subprime crisis induced these governments to behave as active large shareholders. This paper uses a sample of public … firms in Brazil to show that government activism lowers the value of minority shareholders' voting rights. While the …
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We show how the change to differential voting rights allows dominant shareholders to retain control even after selling … fosters corporate control activity and creates higher takeover premiums that are paid equally to all shareholders …
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of associations have no major impact on shareholders' engagements. Corporate performance and other governance mechanisms … debate of shareholder empowerment. The agenda and hence the role of shareholders should be restructured. The AGM should be …
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, and that attending shareholders vote for 1.7 times the shares they own. Turnout is higher when the largest shareholder is … shareholders consider the general meeting a more important monitoring device the more serious the potential conflicts of interest …
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There are several measures of equity compensation that may provide shareholders with distinct and useful information … for evaluating CEO pay. We examine whether shareholders consider additional disclosures of equity compensation measures … outcomes remain significantly related to abnormal equity compensation expense. Consistent with shareholders considering the …
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We show that in countries with more societal trust shareholders cast fewer votes at shareholder meetings and are more …
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