Activities per year
Manuscript Type Empirical Research Questions/Issues Do media pressure and firm reputational concerns propel corporate governance improvements? Specifically, can they encourage unifications of dual class shares into a single “one share one vote” class? Research Findings/Insights Media criticism increases the likelihood of voluntary dual class share unifications. Firms more sensitive to public image are more likely to unify their dual class shares. Theoretical/Academic Implications Media plays an important role in corporate governance promotion. Firm reputation is a valuable asset, sensitive to public opinion and media criticism. Some real firm decisions can be influenced by firm image and reputation considerations. Practitioner/Policy Implications Firm image, reputation, and public relations activity are valuable. Media is a powerful and flexible tool that in some cases can substitute regulation in effectively restraining firms and their controlling shareholders.
|Original language||American English|
|State||Published - 2011|
|Event||Sapir Forum - Tel-Aviv, Israel|
Duration: 1 Jun 2011 → 1 Jun 2011
|Period||1/06/11 → 1/06/11|