TY - JOUR
T1 - Regulation, shareholder rights and corporate governance
T2 - An empirical note
AU - Jiraporn, Pornsit
AU - Davidson, Wallace
PY - 2009
Y1 - 2009
N2 - We investigate the impact of regulation on shareholder rights and corporate governance. We gauge the strength of shareholder rights by measuring the number of restrictive governance provisions that suppress shareholder rights - the more restrictive the governance, the weaker the shareholder rights. We find that financial firms have less restrictive corporate governance, suggesting that financial regulations promote shareholder rights. On the other hand, regulation does not seem to impact shareholder rights in the utility industry.
AB - We investigate the impact of regulation on shareholder rights and corporate governance. We gauge the strength of shareholder rights by measuring the number of restrictive governance provisions that suppress shareholder rights - the more restrictive the governance, the weaker the shareholder rights. We find that financial firms have less restrictive corporate governance, suggesting that financial regulations promote shareholder rights. On the other hand, regulation does not seem to impact shareholder rights in the utility industry.
UR - http://www.scopus.com/inward/record.url?scp=68049090857&partnerID=8YFLogxK
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U2 - 10.1080/17446540802345430
DO - 10.1080/17446540802345430
M3 - Article
AN - SCOPUS:68049090857
SN - 1350-4851
VL - 16
SP - 977
EP - 982
JO - Applied Economics Letters
JF - Applied Economics Letters
IS - 10
ER -