Persistent voting decisions in shareholder meetings
Autor(a) principal: | |
---|---|
Data de Publicação: | 2017 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/24988 |
Resumo: | This study examined the determinants of voting decisions in shareholder meetings, with a special focus on voting persistence. The data captured votes on managerial proposals in shareholder meetings held by U.S. banks between 2003 and 2013. The dynamic panel data were analyzed using robust two-step system generalized method of moments estimation (GMM) with orthogonal deviations. The lagged voting decision was a significant factor in explaining subsequent voting decisions. This finding provides evidence of voting persistence. Although persistence is a prominent topic in behavioral economics, studies have tended to focus on buying, consumption, and investment decisions. Persistence in voting decisions at the corporate level has been underexplored, so this article contributes to the behavioral economics literature. |
id |
RCAP_86428b2755a64a4ffb8b147b8d47a19a |
---|---|
oai_identifier_str |
oai:www.repository.utl.pt:10400.5/24988 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
Persistent voting decisions in shareholder meetingsCorporate GovernanceCorporate ReputationFinancial PerformanceShareholder MeetingsVoting PersistenceThis study examined the determinants of voting decisions in shareholder meetings, with a special focus on voting persistence. The data captured votes on managerial proposals in shareholder meetings held by U.S. banks between 2003 and 2013. The dynamic panel data were analyzed using robust two-step system generalized method of moments estimation (GMM) with orthogonal deviations. The lagged voting decision was a significant factor in explaining subsequent voting decisions. This finding provides evidence of voting persistence. Although persistence is a prominent topic in behavioral economics, studies have tended to focus on buying, consumption, and investment decisions. Persistence in voting decisions at the corporate level has been underexplored, so this article contributes to the behavioral economics literature.John Wiley & SonsRepositório da Universidade de LisboaPiñeiro-Chousa, JuanVizcaíno-González, MarcosNeves, João Carvalho das2022-07-26T12:51:22Z20172017-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/24988engPiñeiro‐Chousa, Juan; Marcos Vizcaíno‐González and João Carvalho das Neves. (2017). "Persistent voting decisions in shareholder meetings". Psychology & Marketing, Vol. 34, No.11: pp. 1050-1056.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:54:37Zoai:www.repository.utl.pt:10400.5/24988Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:08:57.213356Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Persistent voting decisions in shareholder meetings |
title |
Persistent voting decisions in shareholder meetings |
spellingShingle |
Persistent voting decisions in shareholder meetings Piñeiro-Chousa, Juan Corporate Governance Corporate Reputation Financial Performance Shareholder Meetings Voting Persistence |
title_short |
Persistent voting decisions in shareholder meetings |
title_full |
Persistent voting decisions in shareholder meetings |
title_fullStr |
Persistent voting decisions in shareholder meetings |
title_full_unstemmed |
Persistent voting decisions in shareholder meetings |
title_sort |
Persistent voting decisions in shareholder meetings |
author |
Piñeiro-Chousa, Juan |
author_facet |
Piñeiro-Chousa, Juan Vizcaíno-González, Marcos Neves, João Carvalho das |
author_role |
author |
author2 |
Vizcaíno-González, Marcos Neves, João Carvalho das |
author2_role |
author author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Piñeiro-Chousa, Juan Vizcaíno-González, Marcos Neves, João Carvalho das |
dc.subject.por.fl_str_mv |
Corporate Governance Corporate Reputation Financial Performance Shareholder Meetings Voting Persistence |
topic |
Corporate Governance Corporate Reputation Financial Performance Shareholder Meetings Voting Persistence |
description |
This study examined the determinants of voting decisions in shareholder meetings, with a special focus on voting persistence. The data captured votes on managerial proposals in shareholder meetings held by U.S. banks between 2003 and 2013. The dynamic panel data were analyzed using robust two-step system generalized method of moments estimation (GMM) with orthogonal deviations. The lagged voting decision was a significant factor in explaining subsequent voting decisions. This finding provides evidence of voting persistence. Although persistence is a prominent topic in behavioral economics, studies have tended to focus on buying, consumption, and investment decisions. Persistence in voting decisions at the corporate level has been underexplored, so this article contributes to the behavioral economics literature. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017 2017-01-01T00:00:00Z 2022-07-26T12:51:22Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/24988 |
url |
http://hdl.handle.net/10400.5/24988 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Piñeiro‐Chousa, Juan; Marcos Vizcaíno‐González and João Carvalho das Neves. (2017). "Persistent voting decisions in shareholder meetings". Psychology & Marketing, Vol. 34, No.11: pp. 1050-1056. |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
John Wiley & Sons |
publisher.none.fl_str_mv |
John Wiley & Sons |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
_version_ |
1799131184018489344 |