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The Fortis Bank takeover court case demonstrates how shareholders' claims can make a merger and takeover case less … speedy and, indeed, more costly. The case also raises a number of legal issues relating to corporate governance in a takeover …-market efficiency and social-legal justice in intervening in a financial takeover. The case reveals the divergent views taken by the two …
Persistent link: https://www.econbiz.de/10012998313
The "law matters" thesis implies countries will not develop a robust stock market or diffuse corporate ownership … shareholders when ownership separated from control, which suggests "investor friendly" corporate and securities law is not a … did not provide the foundation for the unwinding of family ownership what did? This paper argues that the dividend policy …
Persistent link: https://www.econbiz.de/10014049476
Persistent link: https://www.econbiz.de/10012430737
Corporate law in advanced domestic legal systems on the one hand, and typical treaties for the protection of foreign investment on the other hand, treat claims for damages by company shareholders differently. Advanced domestic systems generally bar shareholders from claiming for reflective loss...
Persistent link: https://www.econbiz.de/10010463416
for state-owned institutions' perspective), the effect of their ownership on firm performance depends on whether they are … management decisions and improve shareholder value. In contrast, grey institutional ownership is either negatively or …
Persistent link: https://www.econbiz.de/10014500466
supervisory board attributes (size and cross-membership), and ownership structure (family and government). The generalized least …
Persistent link: https://www.econbiz.de/10014420389
This study investigates the moderating role of ownership structure in the nexus between corporate governance and the … that block ownership moderates the relationship between board size, board independence, and the financial performance of …
Persistent link: https://www.econbiz.de/10014433712
Claims by company shareholders seeking damages from governments for so-called "reflective loss" now make up a substantial part of the investor-state dispute settlement (ISDS) caseload. (Shareholders' reflective loss is incurred as a result of injury to "their" company, typically a loss in value...
Persistent link: https://www.econbiz.de/10013072987
German corporate law in the 20th century was marked by a steady flow of reforms molding and shaping the corporation. Having started at the outset of the century with a corporate governance model revolving around shareholder power (at least according to the law in the books), the reform of 1937...
Persistent link: https://www.econbiz.de/10012961327
The problem of managerial agency costs dominates debates in corporate law. Many leading scholars advocate reforms that would reduce agency costs by forcing firms to allocate more control to shareholders. Such proposals disregard the costs that shareholders avoid by delegating control to managers...
Persistent link: https://www.econbiz.de/10012972091