The original meaning of the word ‘corporation’ strongly hints at the idea that a firm can be regarded, in some ways (including, on occasion, legally) as a ‘person’. Could the idea of corporality be expanded to include ‘organizations’? If so, what if they eat too much – or too little? Professor Miguel Pina e Cunha […]
Tag: firms
The evasive shareholder meeting manoeuvre
“When companies move their annual meetings a great distance from headquarters, they tend to announce disappointing earnings results and experience pronounced stock market underperformance in the months after the meeting. Companies appear to schedule meetings in remote locations when the managers have private, adverse information about future performance and wish to discourage scrutiny by shareholders, […]