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Proxy Rules and Proxy Practices : An Empirical Study of US and UK Shareholder Proposals

Buchanan, Bonnie - 2015

In May 2009, the SEC proposed the most significant amendments to proxy rules since 1942. We build comprehensive samples of US and UK shareholder proposals for the period 2000-2006 to study the relation between proxy rules and proxy practices and the effect of shareholder proposals on firm...

Persistent link: https://www.econbiz.de/10013039333

Shareholder Wealth Effects of Cultural Diversity Among Blockholders : Evidence From Cross-Border Acquisitions by US Listed Companies

Chen, Victor Zitian - 2019

Manuscript Type: EmpiricalResearch Question/Issue: This paper studies whether and how diversity among blockholders in their cultural preferences may affect short-term shareholder wealth. Blockholders often hold diverse objectives, leading to principal-principal (PP) conflicts in cross-border...

Persistent link: https://www.econbiz.de/10012893455

Are Shareholder Proposals an Important Corporate Governance Device? Evidence from US and UK Shareholder Proposals

Buchanan, Bonnie - 2015

In the past decade, as a result of many interrelated changes in the economic environment, the role and the pressures on the corporate governance of firms have been significantly transformed in the US and the UK. To test the magnitude of this changed environment, we study one aspect of corporate...

Persistent link: https://www.econbiz.de/10013039032

The Structure of the Board of Directors : Boards and Governance Strategies in the US, the UK and Germany

Hopt, Klaus J.; Leyens, Patrick C. - 2021

target companies. To achieve this effect, it must be ensured that takeover defenses are adopted in the interest of …

Persistent link: https://www.econbiz.de/10013239424

Corporate Opportunities in the US and in the UK : How Differences in Enforcement Explain Differences in Substantive Fiduciary Duties

Gelter, Martin - 2020

Fiduciary duties are often today held out as typical instruments of shareholder protection in the common law of both the US and the UK, which are sometimes held out as examples for a consensus model for what is considered good corporate law conducive to good capital market development. However,...

Persistent link: https://www.econbiz.de/10012854910

A Comparative Analysis of Hostile Takeover Regimes in the US, UK and Japan (with Implications for Emerging Markets)

Armour, John - 2010

decision making authority in responding to hostile takeover attempts. The hostile takeover regime in Japan, which developed … analytical framework for business law development to explain the diversity in hostile takeover regimes in these three countries … illuminates the current state and future trajectory of hostile takeover regulation in the important emerging markets of China …

Persistent link: https://www.econbiz.de/10013139378

Does Cross-Listing in the US Foster Mergers and Acquisitions and Increase Target Shareholder Wealth?

Cosset, Jean-Claude - 2010

higher takeover premiums relative to their non-cross-listed peers. Moreover, shareholders of Sarbanes-Oxley-compliant targets …

Persistent link: https://www.econbiz.de/10013141528

Voting rights, private benefits, and takeovers

Schmid, Frank A. - In: Review / Federal Reserve Bank of St. Louis 84 (2002) 1, pp. 35-46

Persistent link: https://www.econbiz.de/10001651782

Shareholders Have a Say in Executive Compensation : Evidence from Say-on-Pay in the United States

Kimbro, Marinilka Barros - 2015

This paper examines the SEC regulation requiring non-binding general shareholder vote on executive compensation–“say-on-pay” (SOP). We examine the first two years of SOP in the Russell 3000. The results confirm previous shareholder-proposal studies by finding that SOP approval (reject)...

Persistent link: https://www.econbiz.de/10013036020

Custom Proxy Voting Advice

Hu, Edwin; Malenko, Nadya; Zytnick, Jonathon - National Bureau of Economic Research - 2024

This paper studies institutional investors' decision-making using novel data from a major proxy advisor. We highlight the significant role of customized proxy advice in shaping shareholders' voting decisions. About 80% of funds receive customized advice, and custom recommendations differ...

Persistent link: https://www.econbiz.de/10014576588