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SUMMARY:Shareholder Democracy under Autocracy: Voting Rights and Corporate
  Performance in Imperial Russia - Amanda Gregg (Middlebury College)\, co-a
 uthored with Amy Dayton (Strider Technologies) and Steven Nafziger (Willia
 ms College)
DTSTART:20240306T131500Z
DTEND:20240306T144500Z
UID:TALK211423@talks.cam.ac.uk
CONTACT:Aleksandra Dul
DESCRIPTION:This paper investigates how the rules that corporations wrote 
 for themselves related to their financing and performance in an environmen
 t characterized by poor investor protections\, Imperial Russia. We present
  new data on detailed governance provisions from Imperial Russian corporat
 e charters\, which we connect to a comprehensive panel database of corpora
 te balance sheets from 1899 to 1914. We document how variation in votes pe
 r share and other shareholder rights provisions were related to corporate 
 choices of using debt vs. equity and whether these governance provisions c
 orrelated systematically with performance measures on the balance sheet an
 d in terms of the market-to-book ratio. This investigation reveals the tra
 deoffs weighed by Imperial Russian corporations and demonstrates the surpr
 ising flexibility that Russian corporations enjoyed\, conditional on obtai
 ning a corporate charter.\n\nThe seminar meets Wednesdays at 1:15 pm in th
 e History Faculty and online on Zoom\nhttps://zoom.us/j/96176307098?pwd=aH
 NlWEZ4SHd1a0MrVkpUQ05aZVFuUT09\n
LOCATION:Board Room (Faculty of History) and on Zoom
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