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Persistent link: https://www.econbiz.de/10001408541
The main objective of corporates in listing their shares on the stock exchanges is to mobilise resources for investment directly from the investors. And for investors the liquidity provided by the stock market and the monitoring and disciplining mechanism that goes with listing are the main...
Persistent link: https://www.econbiz.de/10013139656
In this paper we examine the relationship between the strength of a firm's shareholders rights, as part of their … executives. Specifically, we examine the strength of shareholders rights and the reported levels of discretionary accounting …
Persistent link: https://www.econbiz.de/10013083776
Do firms' governance provisions affect their terms of obtaining external financing? We hypothesize that it is more difficult for firms with more restrictions on shareholder rights to raise external equity, and that since analyst coverage is an important part of underwriting services,...
Persistent link: https://www.econbiz.de/10013086643
of shareholders' value maximisation strategies. Neither shareholders nor their representatives will voluntarily adopt …
Persistent link: https://www.econbiz.de/10013014969
‘Shareholder rights' are the legal entitlements of shareholders via-a-vis companies in which they invest. A large body … that without accountability, managers and dominant shareholders will use their power to further their own interests at the … rights in ways that can be excessive. This can harm not only other constituencies but also shareholders, as it can promote …
Persistent link: https://www.econbiz.de/10012842156
For three academic years (2011-2014), the Harvard Law School's Shareholder Rights Project (SRP) operated a clinical program assisting institutional investors on board declassification proposals. This paper analyzes the SRP as a quasi-natural experiment to examine the value implications of...
Persistent link: https://www.econbiz.de/10012957219
One of the measures foreseen in the Shareholder Rights Directive for enhancement of the rights of shareholders is the …
Persistent link: https://www.econbiz.de/10012910268
the voting rights. Reversing the ordinary balance of powers between minority and majority shareholders can bring about a … such a situation, the monitoring role to be played by institutional shareholders is bound to be pivotal. This Article warns …
Persistent link: https://www.econbiz.de/10012895898
the voting rights. Reversing the ordinary balance of powers between minority and majority shareholders can bring about a … such a situation, the monitoring role to be played by institutional shareholders is bound to be pivotal. This Article warns …
Persistent link: https://www.econbiz.de/10012897748