Agrawal, Anup; Mandelker, Gershon N. - In: Journal of Financial and Quantitative Analysis 25 (1990) 02, pp. 143-161
This paper examines the role of large shareholders in monitoring managers when they propose antitakeover charter amendments. We attempt to distinguish between two competing hypotheses: the “active monitoring hypothesis” and the “passive voting hypothesis.” We find a statistically...