This paper examines active ownership in Japan by an equity service, Governance for Owners (GOJ). GOJ engages with portfolio companies on behalf of Japanese and international institutional investors. The engagements are exclusively private not observable to the public. We use stated objectives interventions measure incidence success, stock market response public announcement engagement outcomes....

Taxpaying companies in Indonesia aim to maximize profit increase the company’s shares value so that more investors are interested investing company. This practice causes try pay taxes a minimum by carrying out tax management without violating laws. study examines and analyzes effect of institutional ownership, family thin capitalization on avoidance. Data used were from manufacturing listed Sto...

In this research, we scrutinize the affect of ownership structure on company performance. The relationship between ownership structure and performance has always been the area under discussion in the literature of corporate finance. The discussion on this area was started with the thesis of Berle and Means (1932). They argued that defuse ownership is inversely correlated with performance of a c...

This paper examines a combined set of corporate governance features that influence disclosure quality in a context of ownership concentration. Agency theory presents a theoretical framework linking disclosure decision to corporate governance mechanisms. Using a Multiple Correspondence Analysis (MCA), we find that firms with poor disclosure quality have higher ownership concentration, are family...

Active objects offer a structured approach to concurrency, encapsulating both unshared state and a thread of control. For efficient data transfer, data should be passed by reference whenever possible, but this introduces aliasing and undermines the validity of the active objects. This paper proposes a minimal variant of ownership types that preserves the required race freedom invariant yet enab...

Combining perspectives from the literature on institutional activism and signaling theory, we suggest that a sovereign wealth fund (SWF), owing to its distinctive properties as a government-owned foreign institutional investor, serves as an intermediary signaler, providing cues about host countries’ institutional environment to internationalizing firms. By publicizing its investments and engagi...

However, the free cash flows scale is important for the financial health of the company, but it has also its own limitations. Moreover, it’s not immune from accounting tricks. Free cash flows can be considered as a measure of value for shareholders of listed companies on Tehran Stock Exchange. The managers of these companies have tended to use the earnings management for managing the free cash ...