Linking market capitalisation and voting pattern in corporate meetings
Journal Title: Economic Research-Ekonomska Istraživanja - Year 2018, Vol 31, Issue 1
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.
Authors and Affiliations
Juan Pineiro-Chousa, Marcos Vizcaíno-González, Jérôme Caby
Keywords
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- EP ID EP538077
- DOI 10.1080/1331677X.2018.1432405
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