...Carolin Schellhorn Purpose Opportunities for shareholder value creation from deep decarbonization in fossil fuel and related industries may be unlocked with a permanent change in corporate governance practices. The purpose of this study is to highlight the conceptual links between corporate...

... governance and the management of ISs), which are interdependent in ways that are still unexplored. The paper analyzes the implications of internet voting (IV) at shareholders’ annual meetings (SAM) for the corporate governance of listed companies in France, in particular for the relationship between...

...Abzal Temirbayev; Alikhan Abakanov Purpose Since its independence, Kazakhstan has been improving its corporate governance system according to recommendations of international organizations. It was promised that the adoption of shareholder primacy approach would have a positive impact on its...

... examples of investors flexing their role as activists have been the refusal to participate in right issues. Boards of directors might call for a rights issue by issuing additional shares to existing shareholders to raise extra funds. Keasey et al. (2005) argue that non participation due...

... shareholders). The two ownership measures reflect alignment and expropriation incentives of controlling shareholders. This study also examines the effect of multiple large shareholders (MLSs) on CG practice. Design/methodology/approach The study uses publicly listed companies (PLCs) excluding those from...

...Enoima Abraham; Gurcharan Singh Purpose The purpose of this paper is to focus on comparing the influence of majority and minority shareholders on executive compensation under conditions of CEO duality, examining majority and minority shareholder influences by measuring their investment and return...

... that the agency problem is caused by the separation of the firm’s risk-bearing, decision-making and control functions. The outcome is that management may wish to make self-interested decisions to the detriment of their investors. In addition, minority shareholders require protection to mitigate the risk of being...

... governance Board of directors Shareholders Audit committees Chairmen The global financial crisis of 2007 had created ripples in the faith of banking sector. The reason for this crisis was attributed to financial sectors self – interest behavior. According to Howard (1997) , the term “tragedy...

...Salar Ghahramani Purpose The purpose of this paper is to examine the propensity of sovereign wealth funds (SWFs) for shareholder activism and their potential impact on corporate governance. Design/methodology/approach The study highlights the relationships between SWFs...

...James Tompkins; Robert Hendershott Purpose Takeovers create a potential conflict of interest between target shareholders and directors. While mergers generally create value for the target shareholders, their directors will typically lose their board seats and likely face a financial loss...

...Jin‐hui Luo; Di‐fang Wan Purpose The purpose of this paper is to explore the effects of large shareholdings from the agency problem perspective of overinvestment, and re‐test the role of board independence in the context of concentrated ownership. Design/methodology/approach Using...

..., but at high levels a detrimental effect causes market valuation to be negatively affected by high levels of large shareholder ownership. These findings, which are different from the linear or non‐significant relationships found in other countries, can be explained by the differences in corporate governance...

...Teresa M. Pergola; Daniel A. Verreault Purpose The purpose of the paper is to synthesize and evaluate the stream of research that links large shareholders to the production of shared corporate benefits. Design/methodology/approach The methodology is to review the literature...

...Franco Parisi; Lance Nail; Vito Sciaraffia Purpose The purpose of this paper is to describe the wealth expropriation from minority to majority shareholders due to the lack of legislation protecting the interests of minority shareholders in an acquisition deal, validating the claims made...

...Henry Huang; Quanxi Wang; Xiaonong Zhang Purpose The purpose of this paper is to investigate whether managerial ownership affects the association between shareholder rights and the cost of equity capital. Design/methodology/approach Prior literature has shown that strong...

.... The regression results show a significant, positive relationship between the controlling shareholders, the combined shareholdings of the second to fifth largest shareholder and private benefits of control. However, there is a negative but insignificant relationship between the tradable share value and private...

... to mitigate such problems through their punishment provisions in case of any dubious practices by the managerial class. However, the effectiveness of such provisions is questioned given the fact that the most reputed corporations are expropriating shareholder value, right under the nose of these regulators...

... of different nations it is argued that it would never be possible for corporate laws to converge universally. New models of corporate governance are likely to emerge given the large‐scale experimentation done by transition economies. Though shareholders are yet to get their due in this era of managerial...

... Ethics Directors Shareholders Remuneration This article concentrates on reviewing major developments in the two significant economies of the UK and USA. Corporate governance is not a fledgeling issue in either of these economies. It may be dated to when incorporation with limited liability...

...Jonathan Michie; Christine Oughton The March 2000 Budget in the UK introduced tax incentives to encourage employee shareholding. The theory is that if employees feel that they have a stake in the enterprise or organisation in which they work, they will be more motivated and committed, with positive...