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

We show how the change to differential voting rights allows dominant shareholders to retain control even after selling … fosters corporate control activity and creates higher takeover premiums that are paid equally to all shareholders …

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 …

, but allowing shareholders to vote on more issues, such as executive compensation, may not affect the quality of governance … large shareholders and management. This is because majority rule offers little incentive for small shareholders to vote. I … majority of voters. Therefore, for issues on which management and small shareholders are likely to agree, majority rule is a …

Studies of the incentives behind the expropriation of minority shareholders of publicly listed firms by their … controlling shareholders focus on the publicly listed firm's performance or characteristics and treat the controlling shareholder … as a black box. In this paper, we examine when and why controlling shareholders expropriate by linking the ex ante …

, and that attending shareholders vote for 1.7 times the shares they own. Turnout is higher when the largest shareholder is … shareholders consider the general meeting a more important monitoring device the more serious the potential conflicts of interest …

This article provides experimental evidence that bidder and target shareholders of a takeover announcement exhibit …

There are several measures of equity compensation that may provide shareholders with distinct and useful information … for evaluating CEO pay. We examine whether shareholders consider additional disclosures of equity compensation measures … outcomes remain significantly related to abnormal equity compensation expense. Consistent with shareholders considering the …