DIRECTIVES AS A TOOL FOR CORPORATE MANAGEMENT by A. Yakovlev

“…This article is devoted to the issues of directive voting of a member of the board of directors (supervisory board) as a representative of the owner (shareholder) in econom-ic societies. This instrument of corporate governance is most widespread in companies with state participation (in particular, whose shareholder is the Russian Federation). …”
Get full text

Redemption of Shares or Stocks and Their Influence on Tax Obligation in Value Added Tax by Jakub Piętka

“… The article presents the problem of taxation of value added tax and the remuneration in kind paid to a shareholder as a result of the redemption of shares. …”
Get full text

Stakeholders and sustainability disclosure: Evidence from an emerging market by Inusah Sulemana, Limei Cheng, Andrew Osei Agyemang, Abednego Osei, Timothy Masuni Nagriwum

“…Additionally, green technological innovation mediates the relationships between government, shareholder, and customer pressure and sustainability disclosure. …”
Get full text

A Better Model for Socio-economic Governance? by Bryn Jones, Peter Nisbet

“…Although firms have advanced CSR policies, these are shown to have little impact on the rationalisation of their UK operations by the global shareholder-value strategies of the biggest global food multinationals. …”
Get full text

Risk Management in Mergers and Acquisitions by D. O. Verdiev

“…M&A statistics show that less than a third of newly merged companies has realized their planned synergistic effects and increased shareholder value. According to the author, such disgusting situation is due to improper planning and failure of corporate management to understand the importance of risk management in M&A. …”
Get full text

Legal regime of a share in the charter capital of a limited liability company by M. I. Sevostianova

“…It has been proved that: 1) the legal nature of a share should be characterised through the legal nature of the powers of a limited liability company participant; 2) such powers constitute a single and indivisible set of corporate rights which are recognised as a separate category of rights, along with obligatory and property rights; 3) the legal nature of corporate rights is of a comprehensive nature, which primarily consists of a combination of the principles of absoluteness and relativity; 4) the definition of a share only through the shareholder's rights is not justified, since the shareholder's rights are inextricably linked to his/her obligations; 5) a share as an object of civil rights is “other property”, not “property rights”.…”
Get full text

METHODS OF PRICE MANIPULATION ON A STOCK MARKET DURING HOSTILE TAKEOVER OF A COMPANY by A. Gulyatkin

“…Irrational behavior of weak shareholders is examined in the article with an example of an order book. …”
Get full text

La RSE comme instrument de gouvernance d’entreprise : une application à l’industrie française des télécommunications by Cécile Cézanne, Marianne Rubinstein

“…Based on the analysis of official reports and semi-directive interviews of CSR managers of the four French telecoms operators, we advance that CSR is developed to apply formal and informal mechanisms of corporate governance, complementary to those of the shareholder model, in order to maintain added value-creative employment and subcontracting relationships.…”
Get full text

Finanza, finanziarizzazione, neoliberismo by Angelo Salento

“…Therefore, in this contribution, after identifying the essential features of financialization processes described by the classics of social sciences, it is argued that what distinctively characterizes financialization in the neoliberal era are two interconnected aspects: the pervasive influence of finance and financial calculation on economic governance (particularly the codification of shareholder value maximization as the keystone of corporate control, i.e., as the primary goal of companies’ economic actions) and the impact of contemporary financialization on the dynamics of social reproduction through a process of financialization of the foundational economy.…”
Get full text

Relations between CEO characteristics and mergers and acquisition decisions in Brazilian companies by Kamilla Tairine de Assunção Main, Vinicius Augusto Brunassi Silva

“…We find no statistically significant correlations for other CEO’s characteristics, such as executive tenure, age, education, participation as chair of the board, previous experience as an entrepreneur or being a shareholder of the acquiring company.…”
Get full text

The Complexity of Social Capital: The Influence of Board and Ownership Interlocks on Implied Cost of Capital in an Emerging Market by Luciano Rossoni, Cezar Eduardo Aranha, Wesley Mendes-Da-Silva

“…We specifically show arguments and evidence that the effect of the relational resources found in the direct, indirect, and heterogeneous board’s ties reduces the cost of capital while relational resources embedded in shareholder networks increase the cost of capital. Our results show that while the increase in the relational resources of the board reduces the implied cost of capital, an increase in these shared resources in the ownership relationships of the firm increases the cost of financial capital.…”
Get full text

Ce que peut la finance publique : la Caisse des dépôts actionnaire dans l’immobilier depuis la Seconde Guerre mondiale by Raphaël Frétigny

“…The article deals with Caisse des dépôts et consignations’ (CDC) holdings in real estate since the 1950s. The shareholder strategies of this public financial institution are characterized by a gradual increase in profitability logics, modelled on those of private financial actors. …”
Get full text

MARKET VALUE ADDED (MVA), NILAI TUKAR RUPIAH, DAN LABA AKUNTANSI TERHADAP RETURN SAHAM PADA PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BEI by Aniek Murniati

“…MVA serves as a measure of the market value added by the company, reflecting its contribution to shareholder wealth. Additionally, the rupiah exchange rate, linked to macroeconomic conditions, can affect the financial performance of companies. …”
Get full text

Deutsche Bahn: Rail Network Monopoly, Financial Locusts and the State by Thomas Ehrmann, Aloys Prinz

“…It then outlines what the shareholder should do to achieve the goals set out in the coalition agreement. …”
Get full text

Quand l’État devient banquier by Isabelle Chambost, Béatrice Touchelay

“…It shows that the State as shareholder is rooted in the imperfections of the previous system, that of the "erased State", from the beginning of the 20th century to the outbreak of the Second World War, and then in an asserted political will to install a "partner State" from 1940 to 1945 where the State entered, not without difficulty until the sixties, alongside the banking corporation.…”
Get full text

Cultural management in family business by Patricia Amelia Tomei, Patrícia Jaguaribe Ferrari

“…We will see that as it reaches maturity, the organizational, family and shareholder dimensions need to adapt in a similar fashion. …”
Get full text

Application of EVA concept in business "SBB" limited liability company Belgrade by Bešlić-Obradović Dragana, Bešlić-Rupić Ivana

“…Among them, Economic Value Added - EVA is considered as the essential principle for the evaluation of company performance in terms of shareholder return. EVA is taxable profit less the total cost of capital (borrowed and owned). …”
Get full text

The Economic Stabilisation Fund — An (Interim) Assessment by Philipp Steinberg, Holger Lüthen, Lukas Gehring, Daniel Schulz-Bianco

“…In exceptional cases, the ESF may also become a direct shareholder. While the ESF stabilised only a relatively small number of companies, it constitutes an important building block in Germany’s overall business support framework. …”
Get full text

Study on Announcement Effect of Stock Repurchase from the Perspective of Configuration Analysis by Hong Bing Wang, Ai Hua Jin, Hai Yun Yu

“…Through the analysis of the degree of premium (DP), repurchase ratio (RR), natural logarithm of total assets (LAS), return on net assets (ROE), top 10 shareholder equity ratio (CR10), and executive shareholding ratio (MSL), it is found that the paths of high CAR stock repurchase effect include repurchase clause-oriented type and centralization-proportional matching type; the path of nonhigh CAR stock repurchase effect includes size-premium limit type, profit-proportion limit type, and repurchase clause limit type. …”
Get full text

Direction des sociétés, modèle de reproduction des élites managériales et financiarisation du capitalisme allemand : Enseignements à partir d’un panel de vingt-cinq sociétés cotées... by Christopher Lantenois

“…The aim of this paper is to evaluate the impact of the foreign Institutional Investors arrival in the German quoted firms’ capital structure, and the broadcast of the “Shareholder Value” discourse, on the social reproduction process of the German managerial Elites. …”
Get full text