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one hand, the SEC's rejection appears to be a stunning blow to the shareholders' rights campaign because many shareholders … of majority voting and the adoption of the e-proxy rules. Because these developments provide shareholders with … shareholders …
Persistent link: https://www.econbiz.de/10013099005
The paper examines the returns to shareholders of acquiring companies in India during the period 2003-08. The abnormal … or unlisted) acquired on the stock returns of the acquiring companies' shareholders.The results indicate that M …&A generate statistically significant abnormal returns on the announcement as well as higher post M&A returns for shareholders of …
Persistent link: https://www.econbiz.de/10013099698
Pension funds and sovereign-wealth funds own a large and increasing fraction of the shares in publicly traded companies in the OECD area. These funds typically have a very long time horizon on their investments, as well as highly diversified portfolios. These features imply that the interests of...
Persistent link: https://www.econbiz.de/10013099906
potential to improve the position of activist shareholders in a proxy fight against the board of directors …
Persistent link: https://www.econbiz.de/10013101074
This article attempts to disentangle the various issues a public company should consider when answering the question: “to go or not to go private?” It provides a review of the literature with an eye towards coverage of the main questions a practitioner would ask. The article explores factors...
Persistent link: https://www.econbiz.de/10013104191
In the last three decades, corporate governance and reporting have been confronted to a drift toward shareholders … and the business firm, based upon the distinction between shareholders' income and equity from income and equity to the … or controlling blockholders) to the detriment of other stakeholders, including outsider shareholders, and the continuity …
Persistent link: https://www.econbiz.de/10013104646
We consider the allocation of corporate control in a company with two large and a continuum of small shareholders …. Control is determined in a shareholders' meeting, where the large shareholders submit competing proposals in order to attract … the vote of small shareholders. The presence of multiple shareholders reduces private benefits through competition for …
Persistent link: https://www.econbiz.de/10013081207
control rights and the types of control of the ultimate controlling shareholders (UCSs) of listed firms in China influence … pay and the level of cash dividend payout, which indicates that the ultimate controlling shareholders are likely to use … firms' cash dividend policy. The difference might stem from the historical nature of these ultimate controlling shareholders …
Persistent link: https://www.econbiz.de/10013084071
Purpose – The purpose of this paper is to examine the propensity of sovereign wealth funds (SWFs) for shareholder activism and their potential impact on corporate governance.Design/methodology/approach – The study highlights the relationships between SWFs and corporate governance and also...
Persistent link: https://www.econbiz.de/10013086578
Ownership structure is one of the key determinants constituting internal corporate governance, which is especially crucial in emerging markets. This study explores the effects of insider shareholding, an obvious characteristic of ownership structure, on corporate governance. The empirical...
Persistent link: https://www.econbiz.de/10013090150