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Shareholders and restructuring make a somewhat awkward pairing and yet this is one of the main features of the new Insolvency Law Reform. Of the various options in the Directive on preventive restructuring frameworks, the Spanish lawmaker has opted for a hybrid or intermediate system. Restructuring plans often include measures that the debtor's shareholders need to approse through a resolution. The most common is a debt-for-equity swap, but there are many others, including structural modifications such as mergers or demergers. In these cases, these measures continue to require shareholder approval, but some special features have be introduced to favour such approval. And, if necessary, even if the measures are not approved, the plan may still go ahead and be imposed on the shareholders (shareholder cram-up). The amendments have thus been quite significant. [ABSTRACT FROM AUTHOR]

The aim of this study is to analyze the influence of corporate reputation on shareholder value creation for a sample of Spanish firms quoted on the stock market over the 2001-2012 period. To that end, we perform a dynamic panel data analysis using the generalized method of moments which lets us to remove the unobserved heterogeneity as well as control for the effects of endogeneity. With this technique we proved conclusive results about the positive and significant effect of reputation on shareholder value creation. These findings have important implications for managers and investors. [ABSTRACT FROM AUTHOR]

The deep economic and financial crisis facing the economy, which appears to have influenced certain disorderly conduct business in some sectors, has increased attention on the desirability of enhancing levels of transparency and control in listed companies, for what they have now returned to the topicality items such as those relating to ensuring the participation of shareholders at general meetings, as well as aspects related to the remuneration of the corporate Board of Directors. [ABSTRACT FROM AUTHOR]

Stock markets develop their activity in an each more competitive environment. The Spanish market, represented by Bolsas y Mercados Españoles (BME) company, is called to play a role of remarkable importance with the primary target of becoming a reference of yield and liquidity for investors and a source of financing for the companies. In this context new products and technological sources will allow the development of more transparent, faster and more effective markets. [ABSTRACT FROM PUBLISHER]