Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2018.1432405
Linking market capitalisation and voting pattern in corporate meetings
Juan Pineiro-Chousa
; Department of Financial Economics and Accounting, Universidade de Santiago de Compostela, Santiago de Compostela, Spain
Marcos Vizcaíno-González
; Department of Business, Universidade da Coruña, A Coruña, Spain
Jérôme Caby
; IAE Paris, Université Paris 1 Panthéon-Sorbonne, Paris, France
Sažetak
This research seeks to investigate the connection between market
capitalisation and the voting pattern related to proposals about
executive compensation and directors’ election, using data about
banks from the U.S.A. concerning the 2003–2013 period. Our
findings indicate that there is a direct relationship between voting
pattern and market capitalisation, suggesting that they are mutually
interdependent. When the market value of the bank increases
(decreases), the support given by shareholders through their votes
in meetings increases (decreases) as well. Also, when the approval
showed by shareholders to managerial proposals through their voting
decisions gets higher (lower), the market value of the bank gets higher
(lower) too.
Ključne riječi
Banking business; market capitalisation; voting pattern; financial performance
Hrčak ID:
200678
URI
Datum izdavanja:
3.12.2018.
Posjeta: 646 *