CGN: Shareholders in Corporate Governance (Topic)最新文献_第4页

Fifteen Years of Defined Contributions: Assessing the Chilean Pension Experience 15年的固定缴款:评估智利养老金的经验

CGN: Shareholders in Corporate Governance (Topic) Pub Date : 2018-03-01 DOI: 10.2139/ssrn.3222793

Hans Schlechter, B. Pagnoncelli, Arturo Cifuentes

引用次数: 0

Corporate Jets and Private Meetings with Investors 公司专机和与投资者的私人会面

CGN: Shareholders in Corporate Governance (Topic) Pub Date : 2018-01-29 DOI: 10.2139/SSRN.2141878

Brian J. Bushee, Joseph J. Gerakos, L. Lee

引用次数: 111

Institutional Investor Monitoring Motivation and the Marginal Value of Cash 机构投资者监控动机与现金边际价值

CGN: Shareholders in Corporate Governance (Topic) Pub Date : 2017-10-27 DOI: 10.2139/ssrn.3061155

C. Ward, Chao Yin, Yeqin Zeng

引用次数: 52

The Deleveraging of U.S. Firms and Institutional Investors' Role 美国企业的去杠杆化与机构投资者的角色

CGN: Shareholders in Corporate Governance (Topic) Pub Date : 2017-06-20 DOI: 10.2139/ssrn.1941902

Jillian Grennan, Roni Michaely, Christopher J. Vincent

引用次数: 33

Dismantling the Legal Myth of Shareholder Primacy: The Corporation as a Sustainable Market Actor 拆解股东至上的法律神话:公司作为一个可持续的市场行动者

CGN: Shareholders in Corporate Governance (Topic) Pub Date : 2017-02-06 DOI: 10.2139/SSRN.2912141

Beate Sjåfjell

{"title":"Dismantling the Legal Myth of Shareholder Primacy: The Corporation as a Sustainable Market Actor","authors":"Beate Sjåfjell","doi":"10.2139/SSRN.2912141","DOIUrl":"https://doi.org/10.2139/SSRN.2912141","url":null,"abstract":"The convergence of crises that we face as a global society, with its grand challenge of how to achieve social progress for all without destroying the very basis of our existence, emphasises the importance of discussing the role of the market actors. We cannot achieve environmental, social and economic sustainability of our societies without the contribution of the market actors (businesses, investors, consumers and the public sector in its many roles as market actor). With many difficult questions ahead, there is one thing we know for sure: the ‘business as usual’ path market actors in aggregate are on is not an option for sustainability; it is a very certain path towards a very uncertain future. A fundamental transition away from ‘business as usual’ and onto a sustainable path is necessary. Such a fundamental transition requires sustainable market actors. \u0000The paper focuses on what this means for business and more specifically, for the dominant business form of the corporation. In a time where social entrepreneurship in various shapes and sizes receives much (and undoubtedly warranted) attention, whether and how the dominant business form of the corporation fits into a sustainable future also needs to be discussed. This can be rephrased as a question of how to achieve corporate sustainability. \u0000The paper begins by discussing the role of the corporation in the unsustainable ‘business as usual’, based on the results of the Sustainable Companies Project (Section II), which shows that the main barrier to corporate sustainability is the social norm of shareholder primacy. This norm has become so dominant that it has turned into a legal myth, and corporate sustainability requires a dismantling of this myth. Section III presents a summary of the tentative reform proposal with this aim, while Section IV concludes with reflections on the work that needs to be done, where the mitigation of the legal myth of shareholder primacy is placed in the broader context of the ongoing research project Sustainable Market Actors for Responsible Trade (SMART).","PeriodicalId":429515,"journal":{"name":"CGN: Shareholders in Corporate Governance (Topic)","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130850250","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 9

A Note on Mossin's Theorem for Deductible Insurance Given Random Initial Wealth 关于随机初始财富条件下免赔保险的Mossin定理的注解

CGN: Shareholders in Corporate Governance (Topic) Pub Date : 2016-10-26 DOI: 10.2139/ssrn.3005626

Liang Hong

引用次数: 0

Institutional Determinants of Private Shareholder Engagement in Brazil and South Africa: The Role of Regulation 巴西和南非私人股东参与的制度决定因素:监管的作用

CGN: Shareholders in Corporate Governance (Topic) Pub Date : 2016-09-01 DOI: 10.1111/corg.12166

Camila Yamahaki, J. Frynas

{"title":"Institutional Determinants of Private Shareholder Engagement in Brazil and South Africa: The Role of Regulation","authors":"Camila Yamahaki, J. Frynas","doi":"10.1111/corg.12166","DOIUrl":"https://doi.org/10.1111/corg.12166","url":null,"abstract":"Manuscript type. Empirical. Research Question/Issue. This study investigates to what extent regulation encourages private shareholder engagement attitudes and behavior (including behind‐the‐scenes consultations, letters, meetings, and ongoing dialogues) of pension funds and asset managers with listed investee companies on environmental, social, and corporate governance (ESG) issues in Brazil and South Africa. Research Findings/Insights. Drawing on 44 in‐depth semi‐structured interviews with pension fund representatives, asset managers, and other investment players, the findings suggest that legislation provides limited direct encouragement to private engagement behavior. However, legislation encourages attitudes toward Responsible Investment by enhancing investor understanding of Responsible Investment, increasing the interest of pension funds and asset consultants in the Responsible Investment practices of asset managers, and reducing the fear of pension funds to violate their fiduciary duties, thereby promoting an enabling environment for ESG engagement. Theoretical/Academic Implications. This article adds to the literature on comparative corporate governance and shareholder engagement. To the best of our knowledge, this is first study that specifically analyzes how regulation affects private shareholder engagement behavior in emerging markets, providing empirical support for the institutional perspective. The findings also suggest that the sophistication of the legislation on ESG issues in Brazil and South Africa is more typical of developed countries, indicating the need for a more fine‐grained analysis of emerging markets in corporate governance studies. Practitioner/Policy Implications. This study draws investors' attention to the importance of understanding the national legal environment of the companies with which they engage and offers insights to governments interested in fostering ESG engagement practices.","PeriodicalId":429515,"journal":{"name":"CGN: Shareholders in Corporate Governance (Topic)","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128292106","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 33

Institutional Investors in Corporate Loans 企业贷款的机构投资者

CGN: Shareholders in Corporate Governance (Topic) Pub Date : 2016-08-30 DOI: 10.2139/ssrn.2349840

Greg Nini

引用次数: 12

Institutional Ownership and Corporate Tax Avoidance: New Evidence 机构所有权与公司避税:新证据

CGN: Shareholders in Corporate Governance (Topic) Pub Date : 2016-05-13 DOI: 10.2139/ssrn.2779809

Mozaffar Khan, Suraj Srinivasan, Liang Tan

引用次数: 277

Technical Appendix to Long-Term Shareholders and Time-Phased Voting 长期股东和分阶段投票的技术附录

CGN: Shareholders in Corporate Governance (Topic) Pub Date : 2016-03-11 DOI: 10.2139/SSRN.2746638

Lynne L. Dallas, J. Barry

引用次数: 4