Large outside shareholders, outside boards, and management entrenchment influence the choice of inside or outside CEOs … stock ownership of large outside shareholders and the fraction of the board seats held by outsiders. It falls as management … consistent with the view that large outside shareholders play an active role in controlling manager-shareholder conflicts …

The Dodd Frank Act (2010) empowered shareholders by mandating non-binding voting on executive compensation. This paper …

fill voids caused by the inability of shareholder suits to monitor and discipline corporate managers. We further claim that …

shareholders. As a result, these directors have incentives to go along with controllers' wishes, or, at least, inadequate … that allows policymakers to produce the precise balance of power between controlling shareholders and public investors that …

We identify the power of institutional blockholders to influence management using previous occurrences of forced CEO …

Stockholders are widely viewed as the owners of and residual claimants to the assets of a corporation. Management of a … corporation, by contrast, is entrusted to paid managers – the board of directors and executive officers. To prevent both directors … “director preference.” Given the prominence of executive officers in the corporate management scheme, often characterized by …