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Using a sample of non-U.S. firms from 43 countries, we investigate whether laws and regulations as well as votes cast by U.S. institutional investors are consistent with an effective shareholder voting process. We find that laws and regulations allow for meaningful votes to be cast as...
Persistent link: https://www.econbiz.de/10013038476
Using a sample of non-U.S. firms from 43 countries, we investigate whether laws and regulations as well as votes cast by U.S. institutional investors are consistent with an effective shareholder voting process. We find that laws and regulations allow for meaningful votes to be cast as...
Persistent link: https://www.econbiz.de/10013011773
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 …
Persistent link: https://www.econbiz.de/10010463416
suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …
Persistent link: https://www.econbiz.de/10011523499
suggesting a default template of rules. Ultimately, the matter of protection was one for the corporation and its shareholders …
Persistent link: https://www.econbiz.de/10011521411
shareholder protections are less likely to have the entrenchment of the controlling shareholders, while minority shareholders in …
Persistent link: https://www.econbiz.de/10013098983
We study the role of institutional investors in cross-border mergers and acquisitions (M&As). We find that foreign institutional ownership is positively associated with the intensity of cross-border M&A activity worldwide. Foreign institutional ownership increases the probability that a merger...
Persistent link: https://www.econbiz.de/10013158587
This paper analyzes the relationship between ownership structure (shareholders' stake and identity) and corporate risk … also find a trend to the alignment of interests between the largest shareholder and the other large shareholders, so that …
Persistent link: https://www.econbiz.de/10012974325
-party transactions and other conflicts of interest situations. Moreover, controlling shareholders often perform some of the functions …
Persistent link: https://www.econbiz.de/10013053244
The leximetric research on shareholder protection can contribute to core questions of comparative company law. For example, such research may be able to show whether or not there is a trend to increase shareholder power across countries. It can also provide us with tools to confirm or challenge...
Persistent link: https://www.econbiz.de/10013026372