Results 271 to 280 of about 97,038 (313)

Can Minority Shareholders' Online Voice Restrain Controlling Shareholders' Tunneling?

Corporate Governance: An International Review
ABSTRACTResearch Question/IssueUsing a sample of Chinese listed firms between 2010 and 2020, this study examines the effect of minority shareholders' online voice on controlling shareholders' tunneling.Research Findings/InsightsWe find that minority shareholders' online voice significantly reduces controlling shareholders' tunneling. The effect is more
Li Huang, Qianwei Ying, Mengrui Han
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Dividend Policy with Controlling Shareholders

Theoretical Inquiries in Law, 2014
AbstractThis Article investigates the determinants of dividend policy in firms with concentrated ownership structures. A review of the empirical literature shows that dividend payout ratios are lower in firms with controlling shareholders. We explain this finding as a consequence of the legal rules governing cash distributions, which leave the dividend
Maria Isabel SSez Lacave, Marra Gutiirrez Urtiaga   +1 more
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Large controlling shareholders and stock price synchronicity

Journal of Banking & Finance, 2014
This paper examines the effect of controlling shareholders on stock price synchronicity by focusing on two salient corporate governance features in a concentrated ownership setting, namely, ultimate cash flow rights and the separation of voting and cash flow rights (i.e., excess control).
Boubaker, Sabri, Mansali, Hatem, Rjiba, Hatem   +2 more
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Controlling Shareholders and Firm Value [PDF]

, 2012
We study the relationship between firm value and ownership concentration in a market where firms are controlled by large shareholders. We set up an equilibrium model with private benefits of control and bargaining between large shareholders. With simulated data from the model we are able to match approximately the value-concentration relationship ...
Borja Larraín, Matías Tapia
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Shareholders and Corporate Control: Data

2019
This Data Spotlight provides data and statistics on shareholder activism and the market for corporate control. This data supplements the issues introduced in the Quick Guides “The Market for Corporate Control” and “Investors and Activism.”
Larcker, David F., Tayan, Brian
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Family‐controlled businesses and shareholder value

Journal of Family Business Management, 2011
PurposeThe paper aims to extend the understanding of the value of quoted family‐controlled businesses (FCBs) and fill gaps in existing research by comparing the performance of such businesses with comparable non‐FCBs.Design/methodology/approachThe research approach adopted compared the share price performance of nine quoted FCBs with nine comparable ...
Carole Frances Print, Julien Reynolds
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Agency Costs of Controlling Minority Shareholders

The Journal of Financial and Quantitative Analysis, 2003
Agency Costs of Controlling Minority Shareholders (coauthored with Henrik Cronqvist) estimates the agency costs of controlling minority shareholders (CMSs) using a panel of Swedish listed firms. CMSs are owners who have a control stake of the firm’s votes while owning only a minority fraction of the firm’s equity.
Henrik Cronqvist, Mattias Nilsson
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The Controlling Shareholder Enforcement Gap

American Business Law Journal, 2019
The regulation of controlling shareholder related‐party transactions is one of corporate law's animating concerns. A recent Chancery Court decision extends the double approval framework endorsed by the Delaware Supreme Court—independent director committees and a majority of the minority shareholders—to non‐freezeout transactions.
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Equity Markets with Controlling Shareholders [PDF]

, 2011
In early 2008 the Finance Ministry issued a consultation paper on “Requirement of Public Holding for Listing”. The Finance Minister also declared in his 2009-10 budget speech that the threshold for non-promoter public shareholding for all listed companies would be raised in a phased manner.
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Non-Controlling Minority Shareholdings and EU Merger Control

World Competition, 2018
Acquisitions of non-controlling minority shareholdings do currently not trigger the mandatory notification obligation of the EU Merger Regulation (EUMR) Although the Commission can partly apply Articles 101 and 102 TFEU to those acquisitions, it takes the view that the lack of a notification obligation constitutes an enforcement gap that it wants to ...
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