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Shareholder Litigation Without Class Actions
Webber, David H. - 2015
Persistent link: https://www.econbiz.de/10013033362
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Shareholder Litigation Rights and the Cost of Debt : Evidence from Derivative Lawsuits
Ni, Xiaoran - 2017
governance, increased information asymmetry, and heightened managerial risk-taking are the underlying channels. Shareholders …
Persistent link: https://www.econbiz.de/10012968431
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A Model of Shareholder Litigation as a Determinant of a Firm's Financial Policies
Talijan, Vuk - 2017
The option to file a lawsuit against an entrepreneur encourages shareholders to fund projects and to retain … performance wanes notwithstanding, shareholders then file a lawsuit against their entrepreneur. When cash is limited, debt may act …
Persistent link: https://www.econbiz.de/10012968647
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Disclosure Tone and Shareholder Litigation
Rogers, Jonathan L.; Van Buskirk, Andrew; Zechman, … - 2011
We examine the relation between disclosure tone and shareholder litigation to determine whether managers’ use of optimistic language increases litigation risk. Using both general-purpose and context-specific text dictionaries to quantify tone, we find that plaintiffs target more optimistic...
Persistent link: https://www.econbiz.de/10014211073
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Shareholder Litigation in Mergers and Acquisitions
Krishnan, C. N. V. - 2017
shareholders. However, in general, target stock price reactions to bid announcements do not appear to fully anticipate the positive …
Persistent link: https://www.econbiz.de/10012976259
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Shareholder Litigation Rights and Corporate Acquisitions
Chung, Chune Young - 2020
We examine the effect of shareholder litigation rights on managers' acquisition decisions. Our experimental design exploits a U.S. Ninth Circuit Court of Appeals ruling on July 2, 1999 that resulted in a reduction in shareholder class actions. We find that, since the ruling, firms in Ninth...
Persistent link: https://www.econbiz.de/10012853276
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CEO Networks and Shareholder Litigation
McCumber, William R. - 2020
This paper documents that firms led by Chief Executive Officers (CEOs) with greater network power and influence are more likely to be subject to securities class action (SCA) lawsuits, and that these lawsuits are more likely to led by institutional investors. Firms with more connected CEOs are...
Persistent link: https://www.econbiz.de/10012847310
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Shareholder Rights
Armour, John - 2020
‘Shareholder rights' are the legal entitlements of shareholders via-a-vis companies in which they invest. A large body … that without accountability, managers and dominant shareholders will use their power to further their own interests at the … 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
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Then and Now : Professor Berle and the Unpredictable Shareholder
Hill, Jennifer G. - 2020
, Law and Society.Shareholders, and the relationship between shareholders and management, lay at the heart of Professor … Berle's scholarship. The goal of this Article is to compare the image of shareholders emerging from The Modern Corporation …
Persistent link: https://www.econbiz.de/10012857548
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Subverting Shareholder Rights : Lessons from News Corp.'s Migration to Delaware
Hill, Jennifer G. - 2020
This Article provides a detailed case study, from a corporate governance perspective, of the 2004 decision of News Corp to migrate from Australia, where it had been incorporated for decades, and to reincorporate in Delaware. As the Article shows, News Corp.'s move to the United States was both...
Persistent link: https://www.econbiz.de/10012857595