Recent literature suggests that some socially responsible corporate actions benefit shareholders while others do not … environmental performance as the proxy for CSR. We show that family firms are more responsible to shareholders than non-family firms … diverge, i.e., when it comes to making environmental investments that might benefit society but do not benefit shareholders …

model with strategic interaction between managers and outside shareholders, we hypothesize that, while an increase in the …

increase in aggregate shareholder value. Consistent with shareholders believing that the benefits of the rules—deterrence of … findings provide new evidence that shareholders perceive regulations aiming to curtail risky tax planning differently depending …

Tax codes regularly create conflicts of interests between small and large shareholders with respect to the payout … shareholders. Based on an extensive data set covering 3,944 European firms over the 1999-2008 period, we find that payout behavior … preferences of minority shareholders are more likely to be partially reflected in the payout decision. Our results are stable …

model with strategic interaction between managers and outside shareholders, we hypothesize that, while an increase in the …

. Although our analyses do not disprove the notion that managers can use tax avoidance to facilitate rent extraction, they …

misuse of controlling power by large shareholders to extract personal benefits at the expense of minority shareholders … is linked to improved corporate governance and a reduced propensity for opportunistic actions by large shareholders …