Self-Dealing : Sneaking Corporate Value through the Back Door
Self-dealing, prevalent in emerging markets, often harms minority shareholders. The related-party transaction is one common technique, especially in markets with weak law enforcement. Beyond self-dealing, other methods of expropriation, such as insider trading and dilution of share value, can also harm minorities. Countries can use several tactics to combat self-dealing, including improving disclosure, strengthening regulatory enforcement, and increasing public awareness of good governance and investor rights. While not always successful, these measures often go a long way toward protecting minority investors.
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dig-okr-10986111762024-08-08T17:04:56Z Self-Dealing : Sneaking Corporate Value through the Back Door Hickey, Catherine Nenova, Tatiana ACCOUNTING AFFILIATED ORGANIZATIONS APPRAISAL RIGHTS AUDIT COMMITTEES BANKS BUSINESS COMMUNITY CHIEF EXECUTIVE COMPANY CONFLICTS OF INTEREST CONTROLLING SHAREHOLDER CONTROLLING SHAREHOLDERS CORPORATE BOARDS CORPORATE BODIES CORPORATE DECISIONS CORPORATE GOVERNANCE CORPORATE INFORMATION CORPORATE LAW CORPORATE MANAGEMENT CORPORATE OWNERSHIP CORPORATE VALUE CORPORATION CORPORATIONS DEBT DISCLOSURE DISCLOSURE REQUIREMENTS DISPUTE RESOLUTION DISSENTING SHAREHOLDERS EMERGING MARKETS ENTREPRENEURS EXCHANGE COMMISSION EXPROPRIATION FIDUCIARY DUTIES FINANCIAL SECTOR DEVELOPMENT FIRMS FOREIGN INVESTMENT FOREIGN INVESTORS INDEPENDENT DIRECTORS INDIVIDUAL INVESTORS INSIDER ABUSE INSIDER TRADING INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INTERNATIONAL FINANCE INVESTOR PROTECTION LATIN AMERICAN LEGAL REGIMES LENDERS LIMITED MAJORITY SHAREHOLDERS MANAGERS MINORITY INTERESTS MINORITY INVESTORS MINORITY SHAREHOLDERS OWNERSHIP SHARES PREEMPTIVE RIGHTS PUBLIC POLICY INNOVATIONS REGULATORY RULES SECURITIES LAW SECURITIES REGULATOR SHARE VALUE SHAREHOLDER ACTIVISM SHAREHOLDER ACTIVISTS SHAREHOLDER RESOLUTIONS SHAREHOLDER RIGHTS STAKEHOLDERS STOCK EXCHANGE STOCK PRICE STOCKS TAKEOVER TRANSPARENCY Self-dealing, prevalent in emerging markets, often harms minority shareholders. The related-party transaction is one common technique, especially in markets with weak law enforcement. Beyond self-dealing, other methods of expropriation, such as insider trading and dilution of share value, can also harm minorities. Countries can use several tactics to combat self-dealing, including improving disclosure, strengthening regulatory enforcement, and increasing public awareness of good governance and investor rights. While not always successful, these measures often go a long way toward protecting minority investors. 2012-08-13T14:21:43Z 2012-08-13T14:21:43Z 2006-09 http://documents.worldbank.org/curated/en/2006/09/7123714/self-dealing-sneaking-corporate-value-through-back-door https://hdl.handle.net/10986/11176 English Viewpoint: Public Policy for the Private Sector; Note No. 312 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, DC |
| institution |
Banco Mundial |
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DSpace |
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Estados Unidos |
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US |
| component |
Bibliográfico |
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En linea |
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dig-okr |
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biblioteca |
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America del Norte |
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Biblioteca del Banco Mundial |
| language |
English |
| topic |
ACCOUNTING AFFILIATED ORGANIZATIONS APPRAISAL RIGHTS AUDIT COMMITTEES BANKS BUSINESS COMMUNITY CHIEF EXECUTIVE COMPANY CONFLICTS OF INTEREST CONTROLLING SHAREHOLDER CONTROLLING SHAREHOLDERS CORPORATE BOARDS CORPORATE BODIES CORPORATE DECISIONS CORPORATE GOVERNANCE CORPORATE INFORMATION CORPORATE LAW CORPORATE MANAGEMENT CORPORATE OWNERSHIP CORPORATE VALUE CORPORATION CORPORATIONS DEBT DISCLOSURE DISCLOSURE REQUIREMENTS DISPUTE RESOLUTION DISSENTING SHAREHOLDERS EMERGING MARKETS ENTREPRENEURS EXCHANGE COMMISSION EXPROPRIATION FIDUCIARY DUTIES FINANCIAL SECTOR DEVELOPMENT FIRMS FOREIGN INVESTMENT FOREIGN INVESTORS INDEPENDENT DIRECTORS INDIVIDUAL INVESTORS INSIDER ABUSE INSIDER TRADING INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INTERNATIONAL FINANCE INVESTOR PROTECTION LATIN AMERICAN LEGAL REGIMES LENDERS LIMITED MAJORITY SHAREHOLDERS MANAGERS MINORITY INTERESTS MINORITY INVESTORS MINORITY SHAREHOLDERS OWNERSHIP SHARES PREEMPTIVE RIGHTS PUBLIC POLICY INNOVATIONS REGULATORY RULES SECURITIES LAW SECURITIES REGULATOR SHARE VALUE SHAREHOLDER ACTIVISM SHAREHOLDER ACTIVISTS SHAREHOLDER RESOLUTIONS SHAREHOLDER RIGHTS STAKEHOLDERS STOCK EXCHANGE STOCK PRICE STOCKS TAKEOVER TRANSPARENCY ACCOUNTING AFFILIATED ORGANIZATIONS APPRAISAL RIGHTS AUDIT COMMITTEES BANKS BUSINESS COMMUNITY CHIEF EXECUTIVE COMPANY CONFLICTS OF INTEREST CONTROLLING SHAREHOLDER CONTROLLING SHAREHOLDERS CORPORATE BOARDS CORPORATE BODIES CORPORATE DECISIONS CORPORATE GOVERNANCE CORPORATE INFORMATION CORPORATE LAW CORPORATE MANAGEMENT CORPORATE OWNERSHIP CORPORATE VALUE CORPORATION CORPORATIONS DEBT DISCLOSURE DISCLOSURE REQUIREMENTS DISPUTE RESOLUTION DISSENTING SHAREHOLDERS EMERGING MARKETS ENTREPRENEURS EXCHANGE COMMISSION EXPROPRIATION FIDUCIARY DUTIES FINANCIAL SECTOR DEVELOPMENT FIRMS FOREIGN INVESTMENT FOREIGN INVESTORS INDEPENDENT DIRECTORS INDIVIDUAL INVESTORS INSIDER ABUSE INSIDER TRADING INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INTERNATIONAL FINANCE INVESTOR PROTECTION LATIN AMERICAN LEGAL REGIMES LENDERS LIMITED MAJORITY SHAREHOLDERS MANAGERS MINORITY INTERESTS MINORITY INVESTORS MINORITY SHAREHOLDERS OWNERSHIP SHARES PREEMPTIVE RIGHTS PUBLIC POLICY INNOVATIONS REGULATORY RULES SECURITIES LAW SECURITIES REGULATOR SHARE VALUE SHAREHOLDER ACTIVISM SHAREHOLDER ACTIVISTS SHAREHOLDER RESOLUTIONS SHAREHOLDER RIGHTS STAKEHOLDERS STOCK EXCHANGE STOCK PRICE STOCKS TAKEOVER TRANSPARENCY |
| spellingShingle |
ACCOUNTING AFFILIATED ORGANIZATIONS APPRAISAL RIGHTS AUDIT COMMITTEES BANKS BUSINESS COMMUNITY CHIEF EXECUTIVE COMPANY CONFLICTS OF INTEREST CONTROLLING SHAREHOLDER CONTROLLING SHAREHOLDERS CORPORATE BOARDS CORPORATE BODIES CORPORATE DECISIONS CORPORATE GOVERNANCE CORPORATE INFORMATION CORPORATE LAW CORPORATE MANAGEMENT CORPORATE OWNERSHIP CORPORATE VALUE CORPORATION CORPORATIONS DEBT DISCLOSURE DISCLOSURE REQUIREMENTS DISPUTE RESOLUTION DISSENTING SHAREHOLDERS EMERGING MARKETS ENTREPRENEURS EXCHANGE COMMISSION EXPROPRIATION FIDUCIARY DUTIES FINANCIAL SECTOR DEVELOPMENT FIRMS FOREIGN INVESTMENT FOREIGN INVESTORS INDEPENDENT DIRECTORS INDIVIDUAL INVESTORS INSIDER ABUSE INSIDER TRADING INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INTERNATIONAL FINANCE INVESTOR PROTECTION LATIN AMERICAN LEGAL REGIMES LENDERS LIMITED MAJORITY SHAREHOLDERS MANAGERS MINORITY INTERESTS MINORITY INVESTORS MINORITY SHAREHOLDERS OWNERSHIP SHARES PREEMPTIVE RIGHTS PUBLIC POLICY INNOVATIONS REGULATORY RULES SECURITIES LAW SECURITIES REGULATOR SHARE VALUE SHAREHOLDER ACTIVISM SHAREHOLDER ACTIVISTS SHAREHOLDER RESOLUTIONS SHAREHOLDER RIGHTS STAKEHOLDERS STOCK EXCHANGE STOCK PRICE STOCKS TAKEOVER TRANSPARENCY ACCOUNTING AFFILIATED ORGANIZATIONS APPRAISAL RIGHTS AUDIT COMMITTEES BANKS BUSINESS COMMUNITY CHIEF EXECUTIVE COMPANY CONFLICTS OF INTEREST CONTROLLING SHAREHOLDER CONTROLLING SHAREHOLDERS CORPORATE BOARDS CORPORATE BODIES CORPORATE DECISIONS CORPORATE GOVERNANCE CORPORATE INFORMATION CORPORATE LAW CORPORATE MANAGEMENT CORPORATE OWNERSHIP CORPORATE VALUE CORPORATION CORPORATIONS DEBT DISCLOSURE DISCLOSURE REQUIREMENTS DISPUTE RESOLUTION DISSENTING SHAREHOLDERS EMERGING MARKETS ENTREPRENEURS EXCHANGE COMMISSION EXPROPRIATION FIDUCIARY DUTIES FINANCIAL SECTOR DEVELOPMENT FIRMS FOREIGN INVESTMENT FOREIGN INVESTORS INDEPENDENT DIRECTORS INDIVIDUAL INVESTORS INSIDER ABUSE INSIDER TRADING INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INTERNATIONAL FINANCE INVESTOR PROTECTION LATIN AMERICAN LEGAL REGIMES LENDERS LIMITED MAJORITY SHAREHOLDERS MANAGERS MINORITY INTERESTS MINORITY INVESTORS MINORITY SHAREHOLDERS OWNERSHIP SHARES PREEMPTIVE RIGHTS PUBLIC POLICY INNOVATIONS REGULATORY RULES SECURITIES LAW SECURITIES REGULATOR SHARE VALUE SHAREHOLDER ACTIVISM SHAREHOLDER ACTIVISTS SHAREHOLDER RESOLUTIONS SHAREHOLDER RIGHTS STAKEHOLDERS STOCK EXCHANGE STOCK PRICE STOCKS TAKEOVER TRANSPARENCY Hickey, Catherine Nenova, Tatiana Self-Dealing : Sneaking Corporate Value through the Back Door |
| description |
Self-dealing, prevalent in emerging
markets, often harms minority shareholders. The
related-party transaction is one common technique,
especially in markets with weak law enforcement. Beyond
self-dealing, other methods of expropriation, such as
insider trading and dilution of share value, can also harm
minorities. Countries can use several tactics to combat
self-dealing, including improving disclosure, strengthening
regulatory enforcement, and increasing public awareness of
good governance and investor rights. While not always
successful, these measures often go a long way toward
protecting minority investors. |
| topic_facet |
ACCOUNTING AFFILIATED ORGANIZATIONS APPRAISAL RIGHTS AUDIT COMMITTEES BANKS BUSINESS COMMUNITY CHIEF EXECUTIVE COMPANY CONFLICTS OF INTEREST CONTROLLING SHAREHOLDER CONTROLLING SHAREHOLDERS CORPORATE BOARDS CORPORATE BODIES CORPORATE DECISIONS CORPORATE GOVERNANCE CORPORATE INFORMATION CORPORATE LAW CORPORATE MANAGEMENT CORPORATE OWNERSHIP CORPORATE VALUE CORPORATION CORPORATIONS DEBT DISCLOSURE DISCLOSURE REQUIREMENTS DISPUTE RESOLUTION DISSENTING SHAREHOLDERS EMERGING MARKETS ENTREPRENEURS EXCHANGE COMMISSION EXPROPRIATION FIDUCIARY DUTIES FINANCIAL SECTOR DEVELOPMENT FIRMS FOREIGN INVESTMENT FOREIGN INVESTORS INDEPENDENT DIRECTORS INDIVIDUAL INVESTORS INSIDER ABUSE INSIDER TRADING INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INTERNATIONAL FINANCE INVESTOR PROTECTION LATIN AMERICAN LEGAL REGIMES LENDERS LIMITED MAJORITY SHAREHOLDERS MANAGERS MINORITY INTERESTS MINORITY INVESTORS MINORITY SHAREHOLDERS OWNERSHIP SHARES PREEMPTIVE RIGHTS PUBLIC POLICY INNOVATIONS REGULATORY RULES SECURITIES LAW SECURITIES REGULATOR SHARE VALUE SHAREHOLDER ACTIVISM SHAREHOLDER ACTIVISTS SHAREHOLDER RESOLUTIONS SHAREHOLDER RIGHTS STAKEHOLDERS STOCK EXCHANGE STOCK PRICE STOCKS TAKEOVER TRANSPARENCY |
| author |
Hickey, Catherine Nenova, Tatiana |
| author_facet |
Hickey, Catherine Nenova, Tatiana |
| author_sort |
Hickey, Catherine |
| title |
Self-Dealing : Sneaking Corporate Value through the Back Door |
| title_short |
Self-Dealing : Sneaking Corporate Value through the Back Door |
| title_full |
Self-Dealing : Sneaking Corporate Value through the Back Door |
| title_fullStr |
Self-Dealing : Sneaking Corporate Value through the Back Door |
| title_full_unstemmed |
Self-Dealing : Sneaking Corporate Value through the Back Door |
| title_sort |
self-dealing : sneaking corporate value through the back door |
| publisher |
World Bank, Washington, DC |
| publishDate |
2006-09 |
| url |
http://documents.worldbank.org/curated/en/2006/09/7123714/self-dealing-sneaking-corporate-value-through-back-door https://hdl.handle.net/10986/11176 |
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AT hickeycatherine selfdealingsneakingcorporatevaluethroughthebackdoor AT nenovatatiana selfdealingsneakingcorporatevaluethroughthebackdoor |
| _version_ |
1807157860218437632 |