Showing 1 - 10 of 119,065
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
We examine whether corporate directors learn from environmental engagements by studying the success and implementation of environmental shareholder proposals. We deem a proposal successful when the proposal sponsor withdrew it after negotiating with the target firm. Our results indicate that...
Persistent link: https://www.econbiz.de/10013307908
shareholders. As a result, these directors have incentives to go along with controllers' wishes, or, at least, inadequate … that allows policymakers to produce the precise balance of power between controlling shareholders and public investors that …
Persistent link: https://www.econbiz.de/10012969875
already in place, such as the Shareholders' Rights Directive, the Transparency Directive and the requirement to make a … corporate governance statement available to shareholders. But more needs to be done, and in the 2012 Action Plan the Commission … role in engaging shareholders in corporate governance issues will contribute positively to good corporate governance in …
Persistent link: https://www.econbiz.de/10013043079
shareholders far removed from the firm's day-to-day operations; and delegated management, which opens up the possibility for … appointment rights, by which shareholders retain the right to appoint and remove directors. Next, it focuses on core decision …
Persistent link: https://www.econbiz.de/10011674062
A statutory derivative action has been proposed for the United Kingdom and is contained in Part 11 of the Company Law Reform Bill. Australia has had a statutory derivative action for approximately 6 years. This paper outlines the results of the first empirical study of the Australian statutory...
Persistent link: https://www.econbiz.de/10014057143
directors in decision-making concerning shareholders and stakeholders. In a sample comprising more than nine hundred directors … shareholders and stakeholders, called shareholderism. Directors' shareholderism correlates with personal values, but also with …
Persistent link: https://www.econbiz.de/10012868048
decision-making concerning shareholders and stakeholders. In a sample comprising more than nine hundred directors originating … a principled, quasi-ideological stance towards shareholders and stakeholders, called shareholderism, on which they vary …
Persistent link: https://www.econbiz.de/10012668240
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
We examine Cohen and Wang's (JFE 2013, CW) conclusion that a staggered board (SB) lowers firm value based on the stock price reaction to two 2010 Delaware court rulings in the Airgas case, the first weakening the potency of an SB and the second restoring it. We find that CW's results, for their...
Persistent link: https://www.econbiz.de/10013003066