Managers’ Moral Obligation of Fairness to (All) Shareholders: Does Information Asymmetry Benefit Privileged Investors at Other Shareholders’ Expense?
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DOI: 10.1007/s10551-015-2685-2
Abstract: Abstract Drawing on ethical principles of fairness and integrative social contracts theory, moral obligations of fair dealing exist between the firm and all shareholders. This study investigates empirically whether privileged investors of publicly traded firms… read more here.
Keywords: information; earnings surprise; privileged investors; information asymmetry ... See more keywords