Blockholders: A survey of theory and evidence
A Edmans, CG Holderness - The handbook of the economics of corporate …, 2017 - Elsevier
This paper reviews the theoretical and empirical literature on the role of blockholders (large
shareholders) in corporate governance. We start with the underlying property rights of public …
shareholders) in corporate governance. We start with the underlying property rights of public …
Blockholders and corporate governance
A Edmans - Annu. Rev. Financ. Econ., 2014 - annualreviews.org
This paper reviews the theoretical and empirical literature on the channels through which
blockholders (large shareholders) engage in corporate governance. In classical models …
blockholders (large shareholders) engage in corporate governance. In classical models …
Insider share-pledging and equity risk
R Anderson, M Puleo - Journal of Financial Services Research, 2020 - Springer
Corporate insiders frequently borrow from lending institutions and pledge their personal
equity as collateral for the loan. This borrowing, or pledging, potentially affects shareholder …
equity as collateral for the loan. This borrowing, or pledging, potentially affects shareholder …
Mutual supervision or conspiracy? The incentive effect of multiple large shareholders on audit quality requirements
L Zhang, B Li - International Review of Financial Analysis, 2022 - Elsevier
Multiple large shareholders may choose to mutual supervise or conspire, thereby affecting
the firm's strategy and transactional operations. This paper examines the impact of firms with …
the firm's strategy and transactional operations. This paper examines the impact of firms with …
Trading and shareholder democracy
We study shareholder voting in a model in which trading affects the composition of the
shareholder base. Trading and voting are complementary, which gives rise to self‐fulfilling …
shareholder base. Trading and voting are complementary, which gives rise to self‐fulfilling …
Investment strategies and corporate behaviour with socially responsible investors: A theory of active ownership
C Gollier, S Pouget - Economica, 2022 - Wiley Online Library
Socially responsible investors constitute an important force in today's global financial
markets. This paper examines conditions under which socially responsible investors induce …
markets. This paper examines conditions under which socially responsible investors induce …
Manager or politician? Effects of CEO pay on the performance of state-controlled Chinese listed firms
We examine the effects of chief executive officer (CEO) pay on two performance outcomes
for central government-controlled Chinese listed firms: financial performance (return on …
for central government-controlled Chinese listed firms: financial performance (return on …
Top management abnormal turnover and stock price crash risk: Evidence from China
Z Li, Y Chen, Y Li - International Review of Financial Analysis, 2023 - Elsevier
The activities and decisions of the top management have garnered considerable attention.
The general phenomenon of management turnover has gradually become the focus of …
The general phenomenon of management turnover has gradually become the focus of …
Blockholders and real earnings management-the emerging markets context
We investigate the unexplored role of large controlling shareholders (blockholders) in
constraining real earnings management (REM). We examine the mechanisms through …
constraining real earnings management (REM). We examine the mechanisms through …