costs, to quantify the return to inversion for different shareholders. Foreign and tax-exempt investors, along with the … taxable shareholders. The model illustrates an agency conflict in which heterogeneity in personal taxes generates a wealth … transfer between shareholders. Furthermore, personal taxes offset the loss in government revenue by 39% …

federal securities regulation. The Shareholders United Act (the “Act”) — passed by the House of Representatives as part of H … political spending, public companies poll shareholders on how they want corporate political dollars to be spent, or not spent ….The Act offers an answer to the question as a matter of corporate democracy, what do shareholders need to know about how …

.S. But we argue that outside investors in European listed firms with controlling shareholders are poorly protected compared … shareholders rather than shielding passive investors, is not well suited for controlled, listed firms. This approach translates … into a lack of definition and development of specific fiduciary duties of the controlling shareholders towards market …

serving shareholder interests in opposing some proposals, and that the no-action letter process may be helping shareholders by …

, we find that top-tier law firms increase the wealth of bidder shareholders by an average of 0.98% ($15.09 million), but … not that of target firm shareholders. Interestingly, we also find no evidence that the reputation of the investment bank …