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Institutional Investors, Corporate Governance and Stewardship Codes : Problems and Perspectives

Alvaro, Simone - 2019

Persistent link: https://www.econbiz.de/10012869731

Brief Remarks on the Necessary Clarification of Market Abuse Prohibitions in Times of Shareholder Activism

Pietrancosta, Alain - 2019

Persistent link: https://www.econbiz.de/10012860462

Why Do Firms in Weak Institutional Environments Adopt Strong Corporate Governance? The Role of Government Regulation

Ke, Bin - 2018

This study identifies one potential benefit of mandatory investor protection laws in weak investor protection countries neglected by the extant literature: laws help reduce firms' bonding costs to strong corporate governance. We argue that corporate insiders (outside investors) have little...

Persistent link: https://www.econbiz.de/10012934125

Common ownership and the (non-)transparency of institutional shareholdings: an EU-US comparison

Steuer, Sebastian - 2022

This paper compares the extent of common ownership in the US and the EU stock markets, with a particular focus on differences in the ap-plicable ownership transparency requirements. Most empirical research on common ownership to date has focused on US issuers, largely relying on ownership data...

Persistent link: https://www.econbiz.de/10013402996

Reassessing Common Ownership : Corrections to Azar, Schmalz, and Tecu (2018)

Egland, Mark - 2019

Azar, Schmalz, and Tecu (2018, “AST”) purport to show a positive relationship between ticket prices and common ownership in the U.S. airline industry. We replicate AST's results and show that their conclusion is a result of incorrect and unsubstantiated assumptions about:(1) financial...

Persistent link: https://www.econbiz.de/10012861905

Outside Director Tenure Length : Expertise-Enhancement versus Entrenchment

Kim, Minjae; Kim, Sojung; Kim, Woochan - 2023

This study examines the effect of outside director tenure length on firms’ market valuation and the voting behavior of outside directors. We make use of the new rule adopted by the Korean government in 2020 that prohibits outside directors from serving more than six (nine) years in a given...

Persistent link: https://www.econbiz.de/10014257617

The Retail Investor Vote : Mobilizing Rationally Apathetic Shareholders to Preserve or Challenge the Board's Presumption of Authority

Gulinello, Christopher John - 2010

The article proposes the implementation of the RIVI (“Retail Investor Voting Instructions”) to mobilize retail investors to vote in corporate elections. The author argues that current retail-investor voting has an adverse effect on our capital markets because it is uninformed. In this...

Persistent link: https://www.econbiz.de/10014188357

Principal Costs : A New Theory for Corporate Law and Governance

Goshen, Zohar - 2017

principal-cost theory, which posits that each firm's optimal governance structure minimizes the sum of principal costs, produced …. The empirical predictions produced by principal-cost theory are more accurate than those produced by any theory focused … solely on agency costs. Principal-cost theory also suggests different policy prescriptions. Rather than banning some …

Persistent link: https://www.econbiz.de/10012972091

The Law and Economics of Blockholder Disclosure

Bebchuk, Lucian A. - 2015

The Securities and Exchange Commission is currently considering a rulemaking petition that advocates tightening the rules under the Williams Act, which regulates the disclosure of large blocks of stock in public companies. In this Article, we explain why the Commission should not view the...

Persistent link: https://www.econbiz.de/10013037808

The End of 'Corporate' Governance : Hello 'Platform' Governance

Fenwick, Mark - 2018

In a technology-driven, digital world, many of the largest and most successful businesses now operate as “platforms.” Such firms leverage networked technologies to facilitate economic exchange, transfer information, connect people, and make predictions. Platform companies are already...

Persistent link: https://www.econbiz.de/10012912914