Results 171 to 180 of about 144,294 (194)

Corporate Social Responsibility Versus Corporate Shareholder Responsibility: A Family Firm Perspective

Journal of Corporate Finance, 2018
Recent literature suggests that some socially responsible corporate actions benefit shareholders while others do not. We study differences in policy toward corporate social responsibility (CSR) between family and non-family firms, using environmental ...
A. Abeysekera, Chitru S. Fernando
semanticscholar   +1 more source

Thirty Years of Shareholder Activism: A Survey of Empirical Research

, 2016
We summarize and synthesize the results from 73 studies that examine the consequences of shareholder activism for targeted firms, and draw two primary conclusions.
M. Denes, Jonathan M. Karpoff, Victoria B. McWilliams   +2 more
semanticscholar   +1 more source

When Shareholders Disagree: Trading After Shareholder Meetings

The Review of financial studies, 2019
This paper analyzes how trading after shareholder meetings changes the composition of the shareholder base. Analyzing daily trades, we find that mutual funds reduce their holdings if their votes are opposed to the voting outcome. Trading volume is high
S. Li, Ernst Maug, Miriam Schwartz-Ziv
semanticscholar   +1 more source

Shareholder Protection and the Cost of Capital

Journal law and economy, 2018
Do shareholder protection laws affect the corporate cost of capital? To identify the causal impact of shareholder protection laws on firms’ implied cost of capital, we exploit the staggered adoption across 23 US states of universal-demand laws, which ...
J. Houston, Chen Lin, Wensi Xie
semanticscholar   +1 more source

Corporate Socially Responsible Investments: CEO Altruism, Reputation, and Shareholder Interests

, 2014
Corporate managers often invest in activities that are deemed to be socially responsible. In some instances, these investments enhance shareholder value.
Richard Borghesi, J. Houston, A. Naranjo
semanticscholar   +1 more source

Customer Satisfaction and Shareholder Value

, 2004
In this article, the authors develop a theoretical framework that specifies how customer satisfaction affects future customer behavior and, in turn, the level, timing, and risk of future cash flows.
E. Anderson, C. Fornell, Sanal K. Mazvancheryl   +2 more
semanticscholar   +1 more source

Activist‐impelled divestitures and shareholder value

Strategic Management Journal, 2018
Research Summary: This study analyzes how the divestitures that are impelled by activist investors in their campaigns against public corporations affect shareholder value. Using hand‐collected data on the activist campaigns that were launched against and
Siwen Chen, Emilie R. Feldman
semanticscholar   +1 more source

Vote Avoidance and Shareholder Voting in Mergers and Acquisitions

The Review of financial studies, 2018
We examine whether, how, and why acquirer shareholder voting matters. We show that acquirers with low institutional ownership, high deal risk, and high agency costs are more likely to bypass shareholder voting.
Kai Li, Tingting Liu, J. Wu
semanticscholar   +1 more source

Agency Costs and Tax Planning when the Government is a Major Shareholder

, 2016
Prior research argues that tax avoidance is beneficial to shareholders. In state owned enterprises (SOEs), taxes are a dividend to the controlling shareholder, the state, but a cost to other shareholders. Therefore, the controlling shareholder of the SOE
Mark Bradshaw, Guanmin Liao, Mark (Shuai) Ma   +2 more
semanticscholar   +1 more source

Corporate Environmental Policy and Shareholder Value: Following the Smart Money

Journal of Financial and Quantitative Analysis, 2016
We examine the value consequences of corporate social responsibility through the lens of institutional shareholders. We find a sharp asymmetry between corporate policies that mitigate the firm’s exposure to environmental risk and those that enhance its ...
Chitru S. Fernando, Mark P. Sharfman, V. Uysal   +2 more
semanticscholar   +1 more source