By tracing the identity of large shareholders, we group China's listed companies into those controlled by state asset management bureaus (SAMBs), state own... G Chen,M Firth,L Xu - 《Journal of Banking & Finance》 被引量: 816发表: 2009年 Why do public firms go private in the UK? T...
While some shareholders have voting rights, allowing them to make some company decisions, such as electing board members, they are now allowed to participate in every facet of a company. Shareholders are not allowed to participate in the day-to-day management of a company. This includes business...
Release of Blair's book `Ownership and Control: Rethinking Corporate Governance for the Twenty-First Century'; Risky investments made by stockholders who might or might not own common stock.Melton, Jam...
Share repurchases fill the gap between excess capital and dividends so that the business returns more to shareholders without locking into a pattern. For example, assume the corporation wants to return 75% of its earnings to shareholders and keep itsdividend payout ratioat 50%. The company return...
Managers can take advantage of insider knowledge for personal gains at the expense of shareholders due to information asymmetry between owners and managers (Jensen and Meckling, 1976; Grossman and Hart, 1983). Many scholars believe competitive market mechanism can alleviate the aforementioned agency prob...
Repurchases return cash to shareholders who want to exit the investment. With a buyback, the company can increase earnings per share, all else equal. The same earnings pie cut into fewer slices is worth a greater share of the earnings. ...
that they were not behaving in a retaliatory manner,” says Kimberly Williams, a vice president at Walker Advertising, a law firm advertising agency. “Everyone should review their employee handbook. In some jurisdictions, the company may be held liable for ignoring their own rules,” she added...
A corporation is a separate legal entity from the shareholders who own the company. Non-corporation businesses such as a sole proprietorship or partnership include no legal separation from the owners of the business. It is easier to start a non-corporation because there are no fees to pay or ...
Equity typically refers to the ownership of a public company or an asset. An individual might own equity in a house but not own the property outright. Shareholders' equity is the net amount of a company's total assets and total liabilities as listed on the company's balance sheet. ...
. Shareholders' equity is the amount that would be returned to shareholders if a company's assets were liquidated, and all debts were paid off. The higher the return or ROE, the better the company's performance since it generated more money for each dollar of investment in the company....