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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/10013011773
, because they are binding and UK shareholders have the statutory right to call special meetings and elect directors … shareholders and social proposals dominate the proposing scene of the US …
Persistent link: https://www.econbiz.de/10013036314
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
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
which shareholders monitored and exercised voice to one where there was more reliance on external forces and exiting …
Persistent link: https://www.econbiz.de/10014445783
This study investigates the transition from being a listed company with a dispersed ownership structure to being a privately held company with a concentrated ownership structure. We consider a sample of private equity backed portfolio companies to evaluate the consequences of the corporate...
Persistent link: https://www.econbiz.de/10010225758
Using hand-collected data on CEO appointments during shareholder activism campaigns, this study examines whether shareholder involvement in CEO recruiting affects frictions in CEO hiring decisions. The results indicate that appointments of CEOs who are recruited with shareholder activist...
Persistent link: https://www.econbiz.de/10012668370
This paper studies the role of shareholder activism on corporate leases. We find that the presence of shareholder activists is associated with large increases in leasing. This association is stronger in periods of high real estate prices and for firms with larger amounts of real estate assets....
Persistent link: https://www.econbiz.de/10014235425
device than US counterparts since they are binding and UK shareholders have the statutory right to call special meetings and … small shareholders and social proposals dominate the proposing scene of the US. Our results suggest that shareholders can … impact the corporate governance and firm performance but that the methods through which shareholders are empowered are …
Persistent link: https://www.econbiz.de/10013037433
protection of the minority shareholders in privatized firms. Consistent with the government's incentive to foster security market … effectively monitors the controlling shareholders in the newly privatized firms and curbs their ability to expropriate the … minority shareholders. Furthermore, the evidence suggests that minority government ownership acts as a substitute for the lack …
Persistent link: https://www.econbiz.de/10012937210