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The Dialogue between the Chairman of the Board and Investors : The Practice in the UK, the Netherlands and Germany and the Future of the German Corporate Governance Code Under the...

Hopt, Klaus J. - 2017

The dialogue of the board and its chairman with investors is an established practice in many countries, such as the United Kingdom, the USA, the Netherlands, Belgium, France and recently also Germany. In the UK this dialogue covers the whole range of relevant board topics, certainly including...

Persistent link: https://www.econbiz.de/10012948545

Legal Obstacles to Institutional Investor Activism in the EU and in the US

Santella, Paolo - 2012

Starting from the observation that at the multilateral level shareholder activism is considered as an important aspect of good corporate governance, this paper examines several legal and economic obstacles to institutional investor activism in the EU and in the US. We find that investors in the...

Persistent link: https://www.econbiz.de/10013109316

Pay as Risk Regulation

Lund, Andrew - 2014

managers' compensation packages would be adjusted to include bank debt thought to alter their risk preferences. This approach … managers with career concerns will continue to face significant incentives to take on high levels of firm risk. Moreover …

Persistent link: https://www.econbiz.de/10013061299

The Role of Corporate Governance Failure in the Grenfell Tower Fire

Khan, Noor-ul Muzamil; Haynes, Paul - 2021

The capacity for crisis perception and to foresee risk is central to project management where responsibility for safety is a central component informing decision making. This article examines the absence of this capacity as a cause and consequence of corporate governance failure. The example of...

Persistent link: https://www.econbiz.de/10013218263

Stock-Based CEO Compensation Following Conglomerate Acquisitions

Onal, Bunyamin - 2014

I examine how stock-based compensation for CEOs is designed following corporate acquisitions conditional on the economic nature of acquisitions. Large conglomerate acquisitions are the type of events that represent significant changes in the economic environment of the company. Therefore, it is...

Persistent link: https://www.econbiz.de/10013048965

Executive compensation and the susceptibilityof firms to hostile takeovers - An empirical investigation of the U.S. oil industry

Haid, Michael H.; Nowak, Eric - 1999

takeover imposed by the market for corporate control. We complement other empirical studies on managerial compensation and … consists of 51 firms in the U.S. oil industry from 1977 to 1994. Third, we employ ex ante measures of the threat of takeover at … the individual firm level which are superior to ex post measures like actual takeover occurrence or past incidence of …

Persistent link: https://www.econbiz.de/10005840368

Equal opportunity rule vs. market rule in transfer of control: How can private benefits help to provide an answer?

de La Bruslerie, Hubert - Université Paris-Dauphine (Paris IX) - 2013

Having been introduced in the European Union and in many other countries, the equal opportunity rule is seen as protecting investors in the event of a transfer of control. This rule should be analyzed in a context of appropriation of private benefits between the new controlling shareholders and...

Persistent link: https://www.econbiz.de/10010735780

The equal opportunity rule in transfer of control : a signaling model

de La Bruslerie, Hubert - Université Paris-Dauphine (Paris IX) - 2009

The equal opportunity rule is seen as protecting investors in the event of a transfer of control. In order to better analyze the consequence of such a rule, we need to account for the information asymmetry that exists between new controlling shareholders and outside investors with private...

Persistent link: https://www.econbiz.de/10010706677

Equal opportunity rule vs. market rule in transfer of control: How can private benefits help to provide an answer?

de La Bruslerie, Hubert - In: Journal of Corporate Finance 23 (2013) C, pp. 88-107

Persistent link: https://www.econbiz.de/10010719618

Disentangling the link between stock and accounting performance in acquisitions

Betzer, André; Goergen, Marc - 2011

While empirical studies that use event-study methodology find on average that the gains from mergers and acquisitions are positive, those focusing on accounting figures tend to find a significant drop in performance. We argue that each of the four possible combinations between positive or...

Persistent link: https://www.econbiz.de/10010291123