an information ea between management and outside shareholders. In the presence of such a gap, maximizing short-run and … actions that will reduce long-run value. In such a case, management faces the dilemma of which shareholders to please: those …

position to benefit themselves at the expense of minority shareholders -- were endemic to corporations in the late …, however, was to give controlling shareholders the power to extract more than their fair share of their enterprise's profits …

work on shareholders and shareholder activism, directors, executives and their compensation, controlling shareholders …

staggered boards established in the corporate charter (which shareholders cannot amend) than for staggered boards established in … the company's bylaws (which can be amended by shareholders) …

the shareholders of existing companies would not be served by adopting those defaults arrangements that public officials … between two or more default arrangements and face significant uncertainty as to which one would best serve shareholders, they …

aggregation for corporate risk-taking and investment. Market imperfections cause controlling shareholders to invest too much in … shareholders' collective attempts to boost shareholder value of individual firms leads to a novel pecuniary externality that … excess leverage, agency conflicts between shareholders and managers, negative welfare effects of transparency, excess …