mechanism to monitor management and are instrumental in mitigating the agency conflict between managers and shareholders. We … detrimental to the long term interests of companies and their long term shareholders. Moreover, our findings suggest that hedge … funds generate substantial long term value for target firms and its long term shareholders when they function as a …

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 …

the significant role of customized proxy advice in shaping shareholders' voting decisions. About 80% of funds receive … plays two key roles. First, it helps shareholders express their ideologies through the vote. Second, it facilitates … shareholders' decision-making process by reducing the need to pay attention to every proposal individually and enabling focus on …

.S. But we argue that outside investors in European listed firms with controlling shareholders are poorly protected compared … shareholders rather than shielding passive investors, is not well suited for controlled, listed firms. This approach translates … into a lack of definition and development of specific fiduciary duties of the controlling shareholders towards market …

This paper reviews the theoretical and empirical literature on the role of blockholders (large shareholders) in …

minority equity stakes and do not seek direct control. As a result, activists must win support from fellow shareholders via … shareholders, other stakeholders, and the capital market as a whole. Opponents of hedge fund activism argue that activists focus …

We find that bidders are more likely to hold conference calls at merger announcements when the mergers are financed … associated with more favorable market reactions to merger announcements. A content analysis of merger-related information … conference calls are positively associated with pre-merger announcement abnormal accruals. Overall, the results suggest that …