This study investigates how directors make decisions that involve shareholders and other stakeholders. Using vignettes … often side with shareholders …

This study examines how directors make decisions that involve shareholders and other stakeholders. Using vignettes … often side with shareholders …

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 …

shareholders. As a result, these directors have incentives to go along with controllers' wishes, or, at least, inadequate … that allows policymakers to produce the precise balance of power between controlling shareholders and public investors that …

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 …

directors in decision-making concerning shareholders and stakeholders. In a sample comprising more than nine hundred directors … shareholders and stakeholders, called shareholderism. Directors' shareholderism correlates with personal values, but also with …

, as compared to their conservative counterparts, pay less attention to shareholders and this is reflected in dividend …