Add to ORKGThis paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their class rights. Based on a novel hand-collected dataset of dual class stock companies in Russia and using the difference-in-difference estimator, the study finds a statistically and economically significant effect of improved protection of preferred shareholders on the value of their shares. The result is robust to several changes in the empirical specification
This Article examines Russian securities law, case law, and market data. To an international observe...
This paper investigates whether and how various characteristics of CEOs and corporate boards are rel...
Recent studies have debated the impact of investor protection laws on firms’ corporate policies. I ...
This article uses a quasi-experimental framework provided by recent changes in Russian corporate law...
In an environment where shareholder rights cannot be enforced, management might choose to honour the...
This Master Thesis examines corporate governance in Russia and effects of ownership concentration on...
This paper attempts to explain a large premium paid on common (voting) shares relative to preferred ...
Using firm-level information obtained from the Russian Trading System stock exchange from 1998 throu...
This paper investigates the relationship between the dividend policy and ownership structure in Russ...
The paper uses recently created datasets measuring legal change over time in a sample of 28 develope...
This study investigates the distribution of ultimate control and ownership rights and their impact o...
The paper discusses the mechanism of shares buyback and its implementation in foreign countries and ...
Over the last few years, the concept of corporate governance in relation to Russian economic realiti...
I examine ownership structure of Russian firms during the 1998-2006 period, where a greater emphasis...
Modern financial theory maintains that it is the investment decisions that act as the major source o...
This Article examines Russian securities law, case law, and market data. To an international observe...
This paper investigates whether and how various characteristics of CEOs and corporate boards are rel...
Recent studies have debated the impact of investor protection laws on firms’ corporate policies. I ...
This article uses a quasi-experimental framework provided by recent changes in Russian corporate law...
In an environment where shareholder rights cannot be enforced, management might choose to honour the...
This Master Thesis examines corporate governance in Russia and effects of ownership concentration on...
This paper attempts to explain a large premium paid on common (voting) shares relative to preferred ...
Using firm-level information obtained from the Russian Trading System stock exchange from 1998 throu...
This paper investigates the relationship between the dividend policy and ownership structure in Russ...
The paper uses recently created datasets measuring legal change over time in a sample of 28 develope...
This study investigates the distribution of ultimate control and ownership rights and their impact o...
The paper discusses the mechanism of shares buyback and its implementation in foreign countries and ...
Over the last few years, the concept of corporate governance in relation to Russian economic realiti...
I examine ownership structure of Russian firms during the 1998-2006 period, where a greater emphasis...
Modern financial theory maintains that it is the investment decisions that act as the major source o...
This Article examines Russian securities law, case law, and market data. To an international observe...
This paper investigates whether and how various characteristics of CEOs and corporate boards are rel...
Recent studies have debated the impact of investor protection laws on firms’ corporate policies. I ...