, we document a positive and significant relation between firms with distracted institutional shareholders and the cost of …

to an influential argument, activist shareholders can offer a solution by supplying large investment managers with … shareholders – have different visions of stewardship with little scope for interactions. For large investment managers, general …

major corporate disaster. The best practice of corporate governance suggests that shareholders should actively be engaged … crucial for companies with suspicions of poor internal governance. The engagements from shareholders, especially the … institutional shareholders in critical areas will give impacts to the governance structures and practices of the companies involved …

Ease of coordination can enable diffuse shareholders to play a more effective role in corporate governance and thereby … coordination, I find evidence that ease of coordination among institutional shareholders is positively associated with firm value … coordination improves firm value by enhancing the governance role provided by shareholders …

institutions' administrators. Thus, other shareholders do not necessarily benefit from relationships between institutions and … shareholders …

which shareholders monitored and exercised voice to one where there was more reliance on external forces and exiting …