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investment on the other hand, treat claims for damages by company shareholders differently. Advanced domestic systems generally … bar shareholders from claiming for reflective loss – loss that arises from injury to "their" company (such as a decline in … the value of shares). The claim for the loss belongs to the injured company and not to its shareholders. In contrast …
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it is manifested and how it is exercised. We examine this topic in greater detail, and ask: Are shareholders better or …
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Shareholders call for more attention after the crisis: confidence will have to be restored to convince them to … recapitalise the financial firms. Five topics are addressed here: shareholders should be able to effectively exercise their rights … calling on more stable, active institutional shareholders, an objective that may be at odds with “one share, one vote …
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We study the effect of environmental, social and governance (ESG) scores on the portfolio allocations of institutional investors. Using a unique data set, we find that institutional investor holdings (as measured by 13F filings) are strongly driven by the ESG quality of companies. While...
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The governance of infrastructure institutions in the financial markets – namely exchanges, central counter-parties (CCPs), and central securities depositories (CSDs) – has become a matter of significant commercial, regulatory, legislative, and even political concern. Such institutions play a...
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