for target shareholders because of the potential conflict of interest of the CEO, it is also possible that target … shareholders could benefit from CEO retention because it can increase the performance of the acquired firm and, consequently … harms shareholders in acquisitions involving private equity firms. In fact, we show that better performing target CEOs are …

Current attempts to reform financial markets presume that shareholder empowerment benefits shareholders. We investigate … the wealth effects associated with the SEC's rule to facilitate director nominations by shareholders. Our results are not … the probability of passage of the proposal, firms whose shareholders are more likely to use the rule to nominate directors …

academics and market participants, is that entrenchment reduces accountability to shareholders and amplifies agency costs, thus …

strengthening shareholder power to alleviate the conflict between shareholders and management can also have the unintended … consequence of intensifying the conflict between current and future shareholders …

governance quality. We show that when only earnings are disclosed, shareholders intervene in firms with intermediate performance … are jointly disclosed with earnings, shareholders target intermediately and well-performing firms with a high pay …

status affects the vote of all shareholders in general and of mutual funds in particular and is more pronounced in governance … policies promoted by shareholders …