We consider the allocation of corporate control in a company with two large and a continuum of small shareholders …. Control is determined in a shareholders' meeting, where the large shareholders submit competing proposals in order to attract … the vote of small shareholders. The presence of multiple shareholders reduces private benefits through competition for …

I investigate whether implementation of the mandatory bid rule – the rule that grants all shareholders the right to …

information among dispersed shareholders. We identify the two basic means to achieve this goal. First, the outsider must …

a greater likelihood of goodwill impairment. Overall, our findings indicate that controlling shareholders increasingly … expropriate minority shareholders through self-serving corporate takeovers after the stock pledge …

This paper examines the short- and long-run impact of a dividend initiation (DI) wave period on shareholders' wealth. I … dividend during the DI wave period can have implications on its shareholders' wealth in both short- and long-run, the results … test two hypotheses. First, a firm initiating a dividend during the DI wave period is likely to experience lower …

helps align management's and shareholders' interests whereas outside-dominated boards better monitor management, whose … fiduciary duties to shareholders may be compromised by conflicts of interest inherent in management buyouts. Finally, there is …