Results 281 to 290 of about 15,627,794 (333)

Controlling Controlling-Minority Shareholders

2017
The “one-share one-vote principle,” which states that a shareholder’s voting power is proportionate to his or her economic right, is one of the most fundamental rules in modern corporate law. However, in reality, controlling shareholders often obtain voting rights in excess of their economic rights through control-enhancing mechanisms, allowing them to
openaire   +1 more source

Multiple Large Shareholders and Controlling Shareholders' Equity Pledging

International Journal of Finance & Economics
ABSTRACTControlling shareholders essentially engage in equity pledging with the goal of promoting their own self‐interest, but few studies have explored the mechanisms that can restrict this activity. By reference to a sample of Chinese firms listed on the Shanghai and Shenzhen A‐share markets from 2007 to 2022, we find evidence indicating that the ...
Caiyu Yan, Rui Li, Juan Li, Min Zhang
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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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Mind the gap: CEO–employee pay ratios and shareholder say‐on‐pay votes

Journal of Business Finance & Accounting, 2020
We examine whether the ratio of CEO to employee pay (the pay ratio) informs shareholders' say on pay (SOP) votes for a broad panel of U.S. commercial banks.
Steven Crawford, Karen K. Nelson, Brian R. Rountree   +2 more
semanticscholar   +1 more source

Does Board Independence Matter in Companies with a Controlling Shareholder?

Journal of Applied Corporate Finance, 2009
A number of studies have reported value discounts for listed companies in countries that provide weak legal protection to minority shareholders. Such studies typically attribute these discounts to the ability, and the well-documented tendency, of ...
J. Dahya, John J. Mcconnell
semanticscholar   +1 more source

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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Controlling Shareholder Pledging and Corporate ESG Behavior

Research In International Business and Finance, 2022
Wei Huang, Yan Luo, Xiaohuan Wang, Lifu Xiao   +3 more
semanticscholar   +1 more source

Agency costs and tax planning when the government is a major Shareholder

Journal of Accounting & Economics, 2019
In state owned enterprises (SOEs), taxes are a dividend to the controlling shareholder, the state, but a cost to other shareholders. We examine publicly traded firms in China and find significantly lower tax avoidance by SOEs relative to non-SOEs.
Mark Bradshaw, Guanmin Liao, Mark (Shuai) Ma   +2 more
semanticscholar   +1 more source

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
openaire   +2 more sources

Controlling shareholder’s ownership, control rights and related-party transactions – analysis of regulatory effects based on board characteristics

The International Entrepreneurship and Management Journal, 2022
Donghua Chen, Xuerui Wei, Huimin Wang
semanticscholar   +1 more source