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We present evidence on the way personal and institutional factors could together guide public company directors in … decision-making concerning shareholders and stakeholders. In a sample comprising more than nine hundred directors originating … from over fifty countries and serving in firms from twenty three countries, we confirm that directors around the world hold …
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-identified women directors. While well intentioned, this legislation will not achieve its intended effect because it is …
Persistent link: https://www.econbiz.de/10011925798
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What if the Supreme Court issued an opinion and no one cared? No one cared who won or lost. No one cared how the question presented was resolved. The prevailing party wouldn't gain a cent from its victory and the losing party wouldn't suffer one whit from its loss. Leidos, Inc. v. Indiana Public...
Persistent link: https://www.econbiz.de/10011756523
Previous research on firm performance does not adequately account for the interrelatedness of a firm's professional connections, political ties, and family business-group affiliation. Many widely-cited findings may therefore be subject to confounding bias. To address this problem, we adopt a...
Persistent link: https://www.econbiz.de/10011431401
We exploit a U.S. Supreme Court ruling on diversity of citizenship in legal disputes to estimate the contribution of the court system to firm value. In an event study, we find that an increase in state court quality from bottom to top tercile is associated with an average increase in equity...
Persistent link: https://www.econbiz.de/10011435820
This paper investigates the potential implications of say on pay on management remuneration in Germany. We try to shed light on some key aspects by presenting quantitative data that allows us to gauge the pertinent effects of the German natural experiment that originates with the 2009 amendments...
Persistent link: https://www.econbiz.de/10011436065
The probability for shareholder litigation is studied and how corporate governance characteristics and other factors explain it. Shareholder litigation results from failure of corporate governance. Thus a better quality of corporate governance is hypothesized to decrease the litigation...
Persistent link: https://www.econbiz.de/10011540783
We use a dynamic model of financing decisions to measure agency conflicts for a large panel of 12,652 firms from 14 countries. Our estimates show that agency conflicts are large and vary significantly across firms and countries. Differences in agency conflicts are largely due to differences in...
Persistent link: https://www.econbiz.de/10011410744