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The role and position of shareholders within a listed public company has been a subject of debate on both the national … conferred upon shareholders in such a company and, consequently, on the active or effective exercise of those rights by the same … shareholders. In this contribution, we focus on one particular core concept, namely the right that is conferred upon shareholders …
Persistent link: https://www.econbiz.de/10012958259
shareholders' rights, recently updated by the Shareholders' Rights Directive II, as well as in light of the U.S. regulation on the … the United States. In particular, we intend to focus on the strong efforts of the Shareholders' Rights Directive II (i) to … of proxy advisors as a fundamental link between shareholders and markets, and (iii) to modify the remuneration issue in …
Persistent link: https://www.econbiz.de/10012900321
potential for managerial opportunism by refusing to propose amendments that empower shareholders or by pursuing amendments that … shareholders' rational apathy and collective action problems, can also prevent them from being effective monitors. Prior … which directors have preempted shareholders' voice with compromised terms. This Article updates our theoretical …
Persistent link: https://www.econbiz.de/10012903567
investors to access the China Mainland markets. The HK Disclosure of Interests regime provides insufficient information on … shareholders are not expected to have much influence, my findings show that the activists enhance company value both in the short … the disclosure of substantial shareholders' intention, demand, and proposals on public companies, which would provide …
Persistent link: https://www.econbiz.de/10012903642
to resist proxy access at firms that stand to benefit, and demonstrate that shareholders oppose proxy access more where …
Persistent link: https://www.econbiz.de/10012904145
activist shareholders with opposing political preferences. We examine whether a firm's political orientation, as measured by …. Using data on S&P 500 companies for 1997–2014, we find that the divergence in political orientation between shareholders and …-leaning shareholders. This pattern remains even after controlling for firms' records of corporate social responsibility and labor relations …
Persistent link: https://www.econbiz.de/10012904309
culture: it increases results-orientation but decreases customer-focus, integrity, and collaboration. Shareholders initially …-induced changes in culture are not in shareholders' long-term interests since firm value declines by 1.4% through this channel …
Persistent link: https://www.econbiz.de/10012905162
, outlook, and ideology, have also empowered activist shareholders.There are strong normative arguments for disempowering … shareholders and, accordingly, for rolling back the gains shareholder activists have made. Whether that will prove possible in the …
Persistent link: https://www.econbiz.de/10012905275
where shareholders face informational constraints in evaluating the efficiency of the firm's compensation policy and where … regime not necessarily benefits shareholders because it equally prevents properly (poorly) governed firms from neutralizing …
Persistent link: https://www.econbiz.de/10012905842
This study examines how directors make decisions that involve shareholders and other stakeholders. Using vignettes … often side with shareholders …
Persistent link: https://www.econbiz.de/10012906012