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Determinants of Intercorporate Shareholdings
Bøhren, Øyvind - 2017
This paper examines why firms choose to spend resources on acquiring ownership rights in other firms. Based on a unique data base of every individual intercorporate shareholding on the Oslo Stock Exchange during the period 1980-1994, we find that such investments serve at least three functions....
Persistent link: https://www.econbiz.de/10012974292
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The Impact of Shareholders and Creditors Rights on IPO Performance : An International Study
Espenlaub, Susanne; Goyal, Abhinav; Mohamed, Abdul - 2021
This paper examines the impact of cross-country variation in shareholders' and debt holders' rights on post …
Persistent link: https://www.econbiz.de/10013215853
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Trust and monitoring
Lesmeister, Simon; Limbach, Peter; Goergen, Marc - 2022 - [Vers. 06/2022]
We show that in countries with more societal trust shareholders cast fewer votes at shareholder meetings and are more …
Persistent link: https://www.econbiz.de/10013271915
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Trust and shareholder voting
Lesmeister, Simon; Limbach, Peter; Goergen, Marc - 2019 - This draft: January 2019
We test the hypothesis whether a specific aspect of culture - trust in others - affects shareholder voting behavior by substituting for costly monitoring. We find consistent evidence that the percentage of votes cast at shareholder meetings is lower in high-trust countries while the percentage...
Persistent link: https://www.econbiz.de/10011963228
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Trust and shareholder voting
Lesmeister, Simon; Limbach, Peter; Goergen, Marc - 2018
We test the hypothesis that a specific aspect of culture - trust in others - affects shareholder voting behavior as it lowers investors' concerns of being expropriated. We find consistent evidence that the percentage of votes cast at shareholder meetings is lower in high-trust countries while...
Persistent link: https://www.econbiz.de/10011879007
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Corporate Governance and the Shareholders : The German Law on Virtual General Meetings 2022
Hopt, Klaus J. - 2022
The role of shareholders in corporate governance is traditionally that of principals under agency theory, the directors … shareholders are physically present. In July 2022 Germany adopted a new law on virtual general meetings which is based on practical … are codified in detail. The key issue is guaranteeing the rights of shareholders also in a virtual general meeting …
Persistent link: https://www.econbiz.de/10014236651
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Family Power in the Boardroom : The Counterbalance by Other Large Shareholders
Gómez-Ansón, Silvia - 2023
This study analyses how the existence, the number, their ownership, and the identity of other large shareholders … over an 8-year period, the results show that the number of other large shareholders and their relative ownership over the … family increase disproportionate family board power in the boardroom. Moreover, when the other large shareholders have more …
Persistent link: https://www.econbiz.de/10014355510
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Large Shareholders and the Pressure to Manage Earnings
Guthrie, Katherine - 2012
strengthening shareholder power to alleviate the conflict between shareholders and management can also have the unintended … consequence of intensifying the conflict between current and future shareholders …
Persistent link: https://www.econbiz.de/10013116721
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Mutual Shareholding Consolidation (Konsolidacja Wzajemnych Udziałów)
Staszkiewicz, Piotr W. - 2011
Author examines the situation while the parent company controls the subsidiary and the subsidiary possess the sharing at the parent company equity. A formula for effective holding is derived and proofed for a parent-subsidiary simplified structure. A short overview of the audit consequences is...
Persistent link: https://www.econbiz.de/10013118799
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Earnings Management in the UK : The Impact of Managerial Share Ownership and Minority Shareholder Protection on Discretionary Accruals
Bos, Sebastian - 2017
The paper examines the relationship between share ownership by boards of British stock exchange listed companies and accrual based earnings management. It provides the first empirical evidence that the relationship is impacted by UK Company Law and the institutional governance framework.We...
Persistent link: https://www.econbiz.de/10012976190