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or stock indices. In theory, equity swaps would result in the separation of economic interests of shareholders from their …
Persistent link: https://www.econbiz.de/10013125639
The paper examines the returns to shareholders of acquiring companies in India during the period 2003-08. The abnormal … or unlisted) acquired on the stock returns of the acquiring companies' shareholders.The results indicate that M …&A generate statistically significant abnormal returns on the announcement as well as higher post M&A returns for shareholders of …
Persistent link: https://www.econbiz.de/10013099698
generally create wealth, as shareholders at best realize modest gains and at worst break even …
Persistent link: https://www.econbiz.de/10013108706
control rights and the types of control of the ultimate controlling shareholders (UCSs) of listed firms in China influence … pay and the level of cash dividend payout, which indicates that the ultimate controlling shareholders are likely to use … firms' cash dividend policy. The difference might stem from the historical nature of these ultimate controlling shareholders …
Persistent link: https://www.econbiz.de/10013084071
We examine whether the informativeness of sell-side analyst reports depends on the strength of the regulatory environment of a country and the regulatory background of the institutional investors of a company. Our analyses are based on more than 600,000 analyst reports from 2005 through 2010...
Persistent link: https://www.econbiz.de/10013091129
This paper examines the effect of controlling shareholders on stock price synchronicity by focusing on two salient … controlling shareholders tend to disclose less firm-specific information to conceal opportunistic practices. Additionally, this … the conjecture that controlling shareholders are more likely to hoard bad information when their control rights exceed …
Persistent link: https://www.econbiz.de/10013072558
Persistent link: https://www.econbiz.de/10013167081
It is a ubiquitous corporate governance phenomenon in many countries that shareholders pledge their ownership as … shareholders. With a sample consisted of 21,921 firm-year observations from 2007 to 2018, we find a significant casual negative …
Persistent link: https://www.econbiz.de/10012837696
costs, to quantify the return to inversion for different shareholders. Foreign and tax-exempt investors, along with the … taxable shareholders. The model illustrates an agency conflict in which heterogeneity in personal taxes generates a wealth … transfer between shareholders. Furthermore, personal taxes offset the loss in government revenue by 39% …
Persistent link: https://www.econbiz.de/10012903773
federal securities regulation. The Shareholders United Act (the “Act”) — passed by the House of Representatives as part of H … political spending, public companies poll shareholders on how they want corporate political dollars to be spent, or not spent ….The Act offers an answer to the question as a matter of corporate democracy, what do shareholders need to know about how …
Persistent link: https://www.econbiz.de/10012890216