Publicação
Persistent voting decisions in shareholder meetings
| 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. |
|---|---|
| Autores principais: | Piñeiro-Chousa, Juan |
| Outros Autores: | Vizcaíno-González, Marcos; Neves, João Carvalho das |
| Assunto: | Corporate Governance Corporate Reputation Financial Performance Shareholder Meetings Voting Persistence |
| Ano: | 2017 |
| País: | Portugal |
| Tipo de documento: | artigo |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório da Universidade de Lisboa |
| _version_ | 1866811095112482816 |
|---|---|
| author | Piñeiro-Chousa, Juan |
| author2 | Vizcaíno-González, Marcos Neves, João Carvalho das |
| author2_role | author author |
| author_facet | Piñeiro-Chousa, Juan Vizcaíno-González, Marcos Neves, João Carvalho das |
| author_role | author |
| contributor_name_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Piñeiro-Chousa, Juan\"},{\"Person.name\":\"Vizcaíno-González, Marcos\"},{\"Person.name\":\"Neves, João Carvalho das\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| datacite.creators.creator.creatorName.fl_str_mv | Piñeiro-Chousa, Juan Vizcaíno-González, Marcos Neves, João Carvalho das |
| datacite.date.Accepted.fl_str_mv | 2017-01-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2022-07-26T12:51:22Z |
| datacite.date.embargoed.fl_str_mv | 2022-07-26T12:51:22Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Corporate Governance Corporate Reputation Financial Performance Shareholder Meetings Voting Persistence |
| datacite.titles.title.fl_str_mv | Persistent voting decisions in shareholder meetings |
| dc.contributor.none.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| dc.creator.none.fl_str_mv | Piñeiro-Chousa, Juan Vizcaíno-González, Marcos Neves, João Carvalho das |
| dc.date.Accepted.fl_str_mv | 2017-01-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2022-07-26T12:51:22Z |
| dc.date.embargoed.fl_str_mv | 2022-07-26T12:51:22Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10400.5/24988 |
| dc.language.none.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | John Wiley & Sons |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | Corporate Governance Corporate Reputation Financial Performance Shareholder Meetings Voting Persistence |
| dc.title.fl_str_mv | Persistent voting decisions in shareholder meetings |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_6501 |
| 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. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | article |
| fulltext.url.fl_str_mv | https://repositorio.ulisboa.pt/bitstreams/02f98a0f-9f9a-42aa-bb29-33cc1a4a2f5b/download |
| id | ul_4f96d0b66d0e173ffdfd86151e20c55d |
| identifier.url.fl_str_mv | http://hdl.handle.net/10400.5/24988 |
| instacron_str | ul |
| institution | Universidade de Lisboa |
| instname_str | Universidade de Lisboa |
| language | eng |
| network_acronym_str | ul |
| network_name_str | Repositório da Universidade de Lisboa |
| oai_identifier_str | oai:repositorio.ulisboa.pt:10400.5/24988 |
| organization_str_mv | urn:organizationAcronym:ul |
| person_str_mv | Piñeiro-Chousa, Juan Vizcaíno-González, Marcos Neves, João Carvalho das |
| publishDate | 2017 |
| publisher.none.fl_str_mv | John Wiley & Sons |
| reponame_str | Repositório da Universidade de Lisboa |
| repository_id_str | urn:repositoryAcronym:ul |
| service_str_mv | urn:repositoryAcronym:ul |
| spelling | engJohn Wiley & Sonspt_PTThis 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.application/pdfpt_PTPersistent voting decisions in shareholder meetingsPiñeiro-Chousa, JuanVizcaíno-González, MarcosNeves, João Carvalho dasHostingInstitutionOrganizationalRepositório Científico de Acesso Aberto da ULisboae-mailmailto:repositorio@reitoria.ulisboa.ptrepositorio@reitoria.ulisboa.pt2022-07-26T12:51:22Z20172017-01-01T00:00:00ZHandlehttp://hdl.handle.net/10400.5/24988http://purl.org/coar/access_right/c_abf2open accessCorporate GovernanceCorporate ReputationFinancial PerformanceShareholder MeetingsVoting Persistence165221 bytesliteraturehttp://purl.org/coar/resource_type/c_6501journal articlehttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://repositorio.ulisboa.pt/bitstreams/02f98a0f-9f9a-42aa-bb29-33cc1a4a2f5b/download |
| spellingShingle | Persistent voting decisions in shareholder meetings Piñeiro-Chousa, Juan Corporate Governance Corporate Reputation Financial Performance Shareholder Meetings Voting Persistence |
| status | SINGLETON |
| subject.fl_str_mv | Corporate Governance Corporate Reputation Financial Performance Shareholder Meetings Voting Persistence |
| title | 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_short | Persistent voting decisions in shareholder meetings |
| title_sort | Persistent voting decisions in shareholder meetings |
| topic | Corporate Governance Corporate Reputation Financial Performance Shareholder Meetings Voting Persistence |
| topic_facet | Corporate Governance Corporate Reputation Financial Performance Shareholder Meetings Voting Persistence |
| url | http://hdl.handle.net/10400.5/24988 |
| visible | 1 |