NDLI: Does the informational role of the annual general meeting depend on a country’s legal tradition?

Content Provider	Springer Nature Link
Author	Martinez Blasco, Monica Garcia Blandon, Josep Argiles Bosch, Josep Maria
Copyright Year	2014
Abstract	The annual general meeting (AGM) constitutes the most important corporate event. Nevertheless, its role as an efficient instrument for corporate governance has recently come under increasing scrutiny, and numerous proposals for reform have emerged as a result. The purpose of this paper is to assess the release of value-relevant information during the AGM by analysing its impact on returns, returns volatility, and trading volumes in a sample of common- and civil-law countries. In one of the most influential articles in the field of corporate governance, La Porta et al. (J Polit Econ 106:1113–1155, 1998) examine the relationship between legal systems and shareholder protection. Given the importance of a country’s legal tradition regarding not only shareholders’ rights but also the role they play in the company, we cannot assume on a prior basis that results obtained in countries in which the legal tradition is based on the common law, like the US and the UK, can be directly extrapolated to countries with different legal traditions. Our results emphasise the role of national idiosyncratic characteristics in the relevance of the AGM, although only among civil-law countries. Common-law countries, on the other hand, would show a more similar behaviour.
Starting Page	849
Ending Page	873
Page Count	25
File Format	PDF
ISSN	13853457
Journal	Journal of Management and Governance
Volume Number	19
Issue Number	4
e-ISSN	1572963X
Language	English
Publisher	Springer US
Publisher Date	2014-05-24
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Annual general meeting Informational content Civil-law countries Common-law countries Management/Business for Professionals Accounting/Auditing Industrial Organization Sociology
Content Type	Text
Resource Type	Article
Subject	Business and International Management

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

What explains the extent and content of social disclosures in Swedish municipalities’ annual reports

Biotechnology collaborations: does business model matter?

Compliance and ethics programs: competitive advantage through the law

Does the compensation level of outside director depend on its personal profile? Some evidence from UK

Governance and strategy within the financial system: tradition and innovation

Efficiency of telecommunications companies in European countries

Special issue on governance and accounting regulation

Computer simulation in social sciences

New perspectives on board research

Does the informational role of the annual general meeting depend on a country’s legal tradition?

Similar Documents

What explains the extent and content of social disclosures in Swedish municipalities’ annual reports

Biotechnology collaborations: does business model matter?

Compliance and ethics programs: competitive advantage through the law

Does the compensation level of outside director depend on its personal profile? Some evidence from UK

Governance and strategy within the financial system: tradition and innovation

Efficiency of telecommunications companies in European countries

Special issue on governance and accounting regulation

Computer simulation in social sciences

New perspectives on board research

Does the informational role of the annual general meeting depend on a country’s legal tradition?