Linking Market Capitalisation and Voting Pattern in Corporate Meetings
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http://hdl.handle.net/2183/34927
Except where otherwise noted, this item's license is described as Atribution 4.0 International (CC BY)
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Linking Market Capitalisation and Voting Pattern in Corporate MeetingsDate
2018Citation
Pineiro-Chousa, J., Vizcaíno-González, M., & Caby, J. (2018). Linking market capitalisation and voting pattern in corporate meetings. Economic Research-Ekonomska Istraživanja, 31(1), 376-385. https://doi.org/10.1080/1331677X.2018.1432405
Abstract
[Abstract] 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
Keywords
Banking business
Market
Voting pattern
Capitalisation
Financial performance
Market
Voting pattern
Capitalisation
Financial performance
Rights
Atribution 4.0 International (CC BY)
ISSN
1848-9664