Behavioral financial knowledge deals with the behavior of investors and other users in the capital market. According to the financial knowledge, it is no longer expected that only factors such as accounting information and macroeconomic variables will affect decision-making but also a variety of behavioral variables including manager’s optimism, information influence management, patience of maj...

Activist shareholders have lately been attempting to assert themselves in a struggle with management and regulators over control of corporate decisions. These efforts have met with mixed success. Meanwhile, shareholders have been pressing for changes in the rules governing access to the corporate proxy process, especially in regard to nominating directors. The key issue which these events have ...

This paper takes China Shanghai and Shenzhen A-share listed companies from 2007 to 2021 as samples empirically test the impact of major shareholder reduction on risk stock price crash. finds that shareholders promotes crash companies, is, compared with without shareholders’ reduction, is higher, this conclusion still holds after controlling conservative factors. Further examination shows shareh...

the emergence and unprecedented growth of joint stock companies is undoubtedly one of the most significant economic developments.one of the outcomes of this development is the separation of ownership and control of the companies. such separation make it possible for the managers of the companies to make dicisions to serve their interes at the expense of the companies shareholders .this conflict...

This study examines the impact of foreign controlling shareholder trust on firm market risk using two measures total and idiosyncratic risk. An extensive global sample 12,496 firm-year observations from 43 countries is employed. The results show that firms controlled by trusting shareholders display lower levels in both measures. Trust appears more important for based with a less favourable ins...

The pledge of equity causes a serious deviation between the cash flow rights and voting controlling shareholders, which may lead to shareholders using their position harm interests small medium-sized information management cover up tunneling behavior, reducing transparency company information. This article uses data from A-share listed companies in Shanghai Shenzhen 2003 2019 empirically test i...

Instead of traditional principal–agent conflicts espoused in most research dealing with developed economies, principal–principal conflicts have been identified as a major concern of corporate governance in emerging economies. Principal–principal conflicts between controlling shareholders and minority shareholders result from concentrated ownership, extensive family ownership and control, busine...

This research focuses on who controls shareholder’s wealth maximization and how does this affect firm’s performance in publicly quoted non-financial companies in Nigeria. The shareholder fund was the dependent while explanatory variables were firm size (proxied by log of turnover), retained earning (representing management control) and dividend payment (representing measure of shareholders cont...