Linking market capitalisation and voting pattern in corporate meetings - HAL-SHS - Sciences de l'Homme et de la Société
Journal Articles Economic Research-Ekonomska Istraživanja Year : 2018

Linking market capitalisation and voting pattern in corporate meetings

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.
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Dates and versions

halshs-02001463 , version 1 (31-01-2019)

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Juan Pineiro-Chousa, Marcos Vizcaíno-González, Jérôme Caby. Linking market capitalisation and voting pattern in corporate meetings. Economic Research-Ekonomska Istraživanja, 2018, 31 (1), pp.376-385. ⟨10.1080/1331677x.2018.1432405⟩. ⟨halshs-02001463⟩
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