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institutional shareholders is positively associated with firm value … leads to fewer anti-takeover provisions being rescinded, overly excessive CEO compensation, lower equity-based pay for CEOs …

shareholders far removed from the firm's day-to-day operations; and delegated management, which opens up the possibility for … appointment rights, by which shareholders retain the right to appoint and remove directors. Next, it focuses on core decision …

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 …

Around the world (with the U.S. and U.K. as exceptions) concentrated ownership structures and controlling shareholders … are predominant even among listed firms. We provide novel empirical evidence how such controlling shareholders, in … family and non-family controlling shareholders and tensions within the founding family are important determinants of payout …

costs. Family-controlled firms and coalitions among non-controlling shareholders seem helpful in reducing agency costs. The … results suggest that coalitions among non-controlling shareholders both in family and non-family firms reduce agency costs …

This paper analyzes the relationship between ownership structure (shareholders' stake and identity) and corporate risk … also find a trend to the alignment of interests between the largest shareholder and the other large shareholders, so that …

winning majority support of shareholders influences the relation between a blockholder's monitoring incentive and a firm …