Purpose – The purpose of this paper is to investigate whether cumulative voting can help ease the conflicts between board of directors and minority shareholders. Design/methodology/approach – The authors use voting result of shareholder proposals as an indicator of the level of conflicts...

Purpose - High-quality development of marine economy is a new concept put forward in response to the current national strategy in China. The purpose of this paper is to thoroughly understand the connotation and significance of high-quality development of marine economy through literature review,...

Purpose – The purpose of this paper is to examine the effects of exchange rate and global industry shocks on the relative performance of global industries. Design/methodology/approach – In addition to SUR approach, we also use GARCH approach to control for heteroskedasticity. Findings –...

Purpose: Motivated by managers’ intentions to pursue private interests by engaging in earnings management, this paper aims to investigate whether voting with hands (shareholders cast votes on shareholder proposals) by shareholders acts as an external disciplining mechanism over earnings...