blockholder governance through both voice (direct intervention) and exit (selling one's shares). We survey the empirical evidence … corporate governance. We start with the underlying property rights of public corporations; we discuss how blockholders are … active in firm governance. We then examine what distinguishes a blockholder from an ordinary shareholder and advocate …

shareholders) engage in corporate governance. In classical models, blockholders exert governance through direct intervention in a … consequences of activism. More recent models show that blockholders can govern through an alternative mechanism known as “exit … governance by extracting private benefits of control or pursuing objectives other than firm value maximization. I highlight the …

shareholders) engage in corporate governance. In classical models, blockholders exert governance through direct intervention in a … consequences of activism. More recent models show that blockholders can govern through the alternative mechanism of “exit … governance by extracting private benefits of control or pursuing objectives other than firm value maximization. I highlight the …

The 2007/2008 global financial crisis has reignited the debate regarding the need for effective corporate governance …

prevalent in funds with multiple share classes and those with weak governance structures. Using a comprehensive sample of index … mutual funds for the from 1998 to 2007, we find that internal governance mechanisms matter primarily for funds with …