We analyze a subgame perfect equilibrium (SPE) of an extensive game with perfect information induced by the firm …

We experimentally study how redistribution choices are affected by positive and negative information regarding the … information. We find that both conformity and counter-conformity are driven by a desire to be seen as moral (the ‘symbolization … centrality of moral identity to the self (the ‘internalization' dimension of moral identity). Social information thus seems to …

settlement"), which also gives the activist access to better information. I find that the information that will be conveyed by … settlement, the incumbent's rejection of board settlement reflects more of its private information, increasing the activist … increases (decreases) with information asymmetry, and the average ex-post shareholder value upon reaching board settlement is …