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The Case Against Passive Shareholder Voting
, 2018American investors have begun to embrace the reality that academics have been championing for decades — that a broad-based passive indexing strategy is superior to picking individual stocks or investing in actively managed funds.
D. S. Lund
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Local Corporate Social Responsibility, Media Coverage, and Shareholder Value
, 2017Using news articles covering firm's corporate social responsibility (CSR) activities, we find that publicized CSR activities are positively associated with shareholder value and improved future operating performance.
Seong K. Byun, Jong-Min Oh
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, 2018
In recent years, a new trend has emerged in which shareholder activists have formed networks to empower shareholders and magnify shareholder voices. This study explores the structural patterns and effectiveness of shareholder activism networks and shows ...
A. Yang, Nur Uysal, Maureen Taylor
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In recent years, a new trend has emerged in which shareholder activists have formed networks to empower shareholders and magnify shareholder voices. This study explores the structural patterns and effectiveness of shareholder activism networks and shows ...
A. Yang, Nur Uysal, Maureen Taylor
semanticscholar +1 more source
, 2017
This paper studies how the conflict of interest between shareholders and creditors affects corporate payout policy. Using mergers between lenders and equity holders of the same firm as shocks to the shareholder-creditor conflict, I find that firms pay ...
Yongqiang Chu
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This paper studies how the conflict of interest between shareholders and creditors affects corporate payout policy. Using mergers between lenders and equity holders of the same firm as shocks to the shareholder-creditor conflict, I find that firms pay ...
Yongqiang Chu
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Shareholder Litigation Rights and Corporate Cash Holdings: Evidence from Universal Demand Laws
Journal of Corporate Finance, 2017We exploit the staggered adoption of universal demand (UD) laws, which hinders shareholders’ rights to initiate derivative lawsuits, by 23 states in the United States from 1989-2005 as a quasi-natural experiment to examine the effects of shareholder ...
Hien Thu Nguyen+2 more
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Shareholder Litigation Rights and the Cost of Debt: Evidence from Derivative Lawsuits
, 2017Exploiting the staggered adoption of universal demand (UD) laws as exogenous shocks to filing derivative lawsuits, we find that weakened shareholder litigation rights cause a significant increase in the cost of debt.
Xiaoran Ni, David Yin
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Shareholder Litigation and Ownership Structure: Evidence from a Natural Experiment
Management Sciences, 2016We use a natural experiment to identify a causal effect of the threat of shareholder litigation on ownership structure, governance, and firm performance.
Alan D. Crane, Andrew Koch
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Shareholder Activism by Institutional Investors: Evidence from CalPERS
, 1996This study examines firm characteristics that lead to shareholder activism and analyzes the effects of activism on target firm governance structure, shareholder wealth, and operating performance for the fifty-one firms targeted by the California Public ...
Michael P. Smith
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Outside directors, board independence, and shareholder wealth☆
, 1990Stuart Rosenstein, Jeffrey G. Wyatt
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Corporate Governance Proposals and Shareholder Activism: The Role of Institutional Investors
, 2000Stuart L. Gillan, L. Starks
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