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or stock indices. In theory, equity swaps would result in the separation of economic interests of shareholders from their …
Persistent link: https://www.econbiz.de/10013125639
In this study, we investigate whether and to what extent institutional shareholders' political values influence their … find that firms led by institutional shareholders with a more Republican-oriented political ideology are less likely to … issue environmental reports. Such a negative effect is more pronounced for firms with institutional shareholders with long …
Persistent link: https://www.econbiz.de/10012826094
We examine the relation between shareholder activism and voluntary disclosure. An important consequence of voluntary disclosure is less adverse selection in the capital markets. One class of traders that finds less adverse selection unprofitable is activist investors who target mispriced firms...
Persistent link: https://www.econbiz.de/10012970911
This article will analyse the different duties to disclose imposed on shareholders. The focus is on public limited … normally held by shareholders, and increasingly it is also extended to those who are associated with the shareholders in … imposing too many duties on shareholders. It can be debated whether these few incidents are just anomalies or whether they are …
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who free-ride off the monitor. We test this prediction in the setting where large shareholders contractually bind …
Persistent link: https://www.econbiz.de/10012584426
We examine the influence of proxy advisors on firms’ shareholder engagement behavior. Our analyses exploit a quasi-natural experiment using Say-On-Pay voting outcomes near a threshold that triggers a review of engagement activities by Institutional Shareholder Services (ISS). Firms receiving...
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