low-value mergers, the “pecking order” theory offers a different perspective, where managers conserve cash flow to … undertake positive NPV investments. We argue that the stronger position of shareholders, as opposed to firm managers, in the UK …

We develop and test hypotheses on the impact of target shareholders investment style preferences on the method of … payment and premiums in acquisitions. Stock offers (unlike cash offers) allow target shareholders to defer capital gains taxes …. This deferral value, however, depends on target shareholders willingness to retain acquirer stock. The empirical findings …

Stock pledged loans have become prevalent among large shareholders of listed firms in China. The largest shareholder …

to determine the relationship between ESG scores on shareholders' wealth and define possible selection criteria for … shareholders' wealth. …

majority shareholders on earnings management. Furthermore, the primary objective of this research is to investigate the … moderating role of board meeting frequency between ownership shares and directors’ proportions as majority shareholders on … variables. This study also presents empirical evidence that ownership of shares by directors and majority shareholders was …

shareholders, the empirical evidence has shown only its value destruction to shareholders. This paper offers an (partial … effect is larger for (32~43 bps) for financially constrained firms and firms whose controlling shareholders have more shares …