Controlling shareholders and investment-risk sensitivity in an emerging economy
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DOI: 10.1016/j.ememar.2019.04.002
Abstract: Abstract In this paper, we investigate the role of agency conflicts between controlling and minority shareholders on the investment-risk relationship. Using panel data from 412 Brazilian firms between 1997 and 2010, we show that investment… read more here.
Keywords: investment risk; controlling shareholders; risk; sensitivity ... See more keywords
Controlling shareholders and fiduciary duties in Asia
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DOI: 10.1080/14735970.2017.1354471
Abstract: ABSTRACT The company laws of the common law jurisdictions in Asia are based on or inspired by English common law. Yet, the ownership structure of the listed companies in these jurisdictions – concentrated – is… read more here.
Keywords: law jurisdictions; common law; shareholders fiduciary; fiduciary duties ... See more keywords
Sunlight is the Best Disinfectant: Real-Time Comment Letters and Large M&As in China
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DOI: 10.2308/jiar-2021-064
Abstract: This paper investigates how communications between regulators and firms through comment letters affect the outcomes of large mergers and acquisitions (M&As) in China. Unlike the U.S. Securities and Exchange Commission (SEC), which uses comment letters… read more here.
Keywords: comment letters; time comment; controlling shareholders; real time ... See more keywords