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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
that without accountability, managers and dominant shareholders will use their power to further their own interests at the …‘Shareholder rights' are the legal entitlements of shareholders via-a-vis companies in which they invest. A large body … rights in ways that can be excessive. This can harm not only other constituencies but also shareholders, as it can promote …
Persistent link: https://www.econbiz.de/10012842156
This study uses two distinct quasi-natural experiments to examine the effect of institutional shareholders on corporate … reconstitutions improves portfolio firms' CSR performance. We then find that firms have lower CSR ratings when shareholders are … financially material. Furthermore, we show that institutional shareholders influence CSR through CSR-related proposals. Overall …
Persistent link: https://www.econbiz.de/10012902227
The Nasdaq Stock Market's enforcement activities offer a unique setting for investigating the consequences of changes in corporate governance as evidenced by deficiency notices. We document significant negative abnormal returns in response to Nasdaq deficiency notices for audit committee and...
Persistent link: https://www.econbiz.de/10012972580
balanced and socially oriented perspective for the role of managers rather than oriented towards a shareholder-centric view. An … the maximization of shareholders' wealth as a core element of its identity. Around 60% of mission sentences identify … customers as the main constituencies, while only 10% name shareholders as its central raison d'être. On the case law perspective …
Persistent link: https://www.econbiz.de/10013019663
This paper contains the tables of contents, legislation and cases, the introduction and the index of a book published by Cambridge University Press (2008). The cover text reads as follows: "On the one hand, it can be argued that the increasing economic and political interdependence of countries...
Persistent link: https://www.econbiz.de/10014221480
Few can argue with the notion that corporations should at least consider corporate social responsibility (CSR) to better understand the impact of their operations on society. However, recent empirical tests suggest CSR has an ambiguous impact on firm performance. To shed new light on this...
Persistent link: https://www.econbiz.de/10013474479
We investigate environmental, social, and governance (ESG) and firm value effects of more than 7,000 shareholder proposals submitted between 2006–2020. Using propensity score matching and a difference-in-differences setting, the results indicate that firms that receive an ESG- or...
Persistent link: https://www.econbiz.de/10014257842
This study investigates the importance of corporate boards by exploiting the predictions from a learning model in which capital markets process information and learn about the quality of incoming directors. The estimates suggest that upon the arrival of a new director, uncertainty about...
Persistent link: https://www.econbiz.de/10012904103
Persistent link: https://www.econbiz.de/10011951558