Equity Issuance Methods and Dilution
A major friction in capital markets are information asymmetries, which can lead to mispricing of shares.
Management
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Retail Shareholder Participation in the Proxy Process: Monitoring, Engagement, and Voting
A central premise of corporate governance research is the shareholder collective action problem. Shareholders, the ultimate economi
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Managerial Response to Shareholder Empowerment: Evidence from Majority Voting Legislation Changes
This paper studies managerial reaction to shareholder empowerment that strengthens shareholder voting, a form of direct democracy.
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Is The Stock Market Biased Against Diverse Top Management Teams?
Stock market investors are becoming increasingly vocal about the diversity of corporate leadership teams, following a global trend to eng
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Employee-Manager Alliances and Shareholder Returns from Acquisitions
In this article, we examine the potential for management-worker alliances when employees have substantial voting rights from their equity
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Why Are Firms with More Managerial Ownership Worth Less?
Many investors and governance experts believe that “skin in the game” of managers, i.e.
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Earning investor trust: The role of past earnings management
Does earnings management, even though legal, hamper investor trust in reported earnings?
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