Similar Search Results

Reexamining Staggered Boards and Shareholder Value

Cohen, Alma; Wang, Charles C. Y. - 2017

Cohen and Wang (2013) (CW2013) provide evidence consistent with market participants perceiving staggered boards to be value reducing. Amihud and Stoyanov (2016) (AS2016) contests these findings, reporting some specifications under which the results are not statistically significant. We show that...

Persistent link: https://www.econbiz.de/10014120769

Debt Maturity Structure, Shareholder Rights, and Corporate Governance

Jiraporn, Pornsit; Chatjuthamard, Pattanaporn - 2007

This study investigates how debt maturity structure is influenced by the strength of shareholder rights. The empirical evidence reveals an inverse relation between the strength of shareholder rights and debt maturity. We contend that managers of firms with weak shareholder rights eschew choosing...

Persistent link: https://www.econbiz.de/10014049122

Shareholder Primacy versus Shareholder Accountability

Bratton, William W. - 2023

When corporations inflict injuries in the course of business, shareholders wielding ESG principles can, and now sometimes do, intervene to correct the matter. In the emerging fact pattern, corporate social accountability comes out of its historic collectivized frame to become an internal subject...

Persistent link: https://www.econbiz.de/10014355137

Shareholder Engagement Inside and Outside the Shareholder Meeting

Bowley, Tim; Hill, Jennifer G.; Kourabas, Steve - 2023

Important capital market, regulatory and technological developments have created greater investor appetite and capacity for engagement with public companies. This development is highlighted by investors’ current efforts to engage with companies in various markets on material environmental,...

Persistent link: https://www.econbiz.de/10014348828

Shareholder Rights and Shareholder Activism : The Role of the General Meeting of Shareholders

Van der Elst, Christoph - 2012

An appropriate division of power between the board of directors and shareholders of the company is quintessential for the success of the company. However, for a long period of time the monitoring powers of the shareholders were limited. Recently, both the European and the national member states'...

Persistent link: https://www.econbiz.de/10013109628

Shareholder Entitlement, Primacy and Empowerment

Talbot, Lorraine E. - 2010

My purpose in this paper is to examine three distinct approaches to the notion that companies should be run in the interests of shareholders; shareholder entitlement, shareholder primacy, and shareholder empowerment. I show how these ideologies were a response to a particular set of political...

Persistent link: https://www.econbiz.de/10013143538

The corporate social responsibility of family businesses : an international approach

Hirigoyen, Gérard; Poulain-Rehm, Thierry - In: International Journal of Financial Studies : open … 2 (2014) 3, pp. 240-265

This study analyzes the links between listed family businesses and social responsibility. On the theoretical level, it establishes a relationship between socioemotional wealth, proactive stakeholder engagement, and the social responsibility of family businesses. On a practical level, our results...

Persistent link: https://www.econbiz.de/10010470526

Corporate governance, corporate and employment law, and the costs of expropriation

Ecchia, Giulio; Gelter, Martin; Pasotti, Piero - 2011

It is one of the well-known cornerstones of corporate governance that (minority) share-holders are subject to a risk of being expropriated by the controller of the firm, i.e. either entrenched management under a dispersed ownership structure or a controlling share-holder under concentrated...

Persistent link: https://www.econbiz.de/10011734959

Considering the shareholder perspective: value-based management systems and stock market performance

Rapp, Marc Steffen; Schellong, Daniel A.; Schmidt, … - 2010

We empirically study the use of value-based management systems in listed German firms and examine implications for firms' stock market performance. Using a novel, hand-collected data set covering 1,083 firm years from 2002 to 2008, we find that value-based management systems become increasingly...

Persistent link: https://www.econbiz.de/10010305697

The Role of the Media in Hedge Fund Activism

Wang, Xinjie - 2020

more negative media sentiment are more likely to be targeted by hedge funds. The media sentiment of target firms reverts to … normal level after the 13D filing dates. Our analysis of media sentiment for different corporate events shows that event …-specific media sentiment is associated with the specific objectives of activism campaigns. The firm's fundamental information …

Persistent link: https://www.econbiz.de/10012836014