The Frequency of Say-on-Pay Vote, Shareholder Value, and Corporate Governance: Initial Evidence from the U.S. Firms

• Main Authors: LI, Na, Gus, DeFranco
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2015
• Subjects: Accounting; Business Law, Public Responsibility, and Ethics; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/1415
• Institution: Singapore Management University

In this study, I examine (1) the market reaction to the shareholders’ decision on the frequency of the say-on-pay vote, and (2) the relation between such decision and firms’ existing corporate governance structures. When firms released the results of shareholders’ frequency vote in Form 8-K, I find...