thought. This causes wealth transfers from nonparticipating to participating shareholders which average 7% of the value of the … transfers. It appears that small, non-sophisticated shareholders are less likely to participate. International evidence reveals … shareholders …

This study evaluates the relationship between international cross-listings and shareholders' wealth across different …

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 …

price and earnings per share. Our goal is to provide financial executives, investment analysts, and shareholders with a …', analysts' and shareholders' understanding of share repurchases as an increasingly important financial management and valuation …

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% …

.S. But we argue that outside investors in European listed firms with controlling shareholders are poorly protected compared … shareholders rather than shielding passive investors, is not well suited for controlled, listed firms. This approach translates … into a lack of definition and development of specific fiduciary duties of the controlling shareholders towards market …