Admati, Anat R. (contributor); Pfleiderer, Paul (contributor) - 2005
firms,
have also worked to limit activism.
1
If a large shareholder is aware that a firm’s management
does not act in the … large
shareholder who is potentially able to trade on private information may help discipline management
and improve … corporate governance. This form of monitoring is consistent with behind-the-scenes
negotiation with management or ‘jawboning …