Ertimur, Yonca; Ferri, Fabrizio; Stubben, Stephen R. - In: Journal of Corporate Finance 16 (2010) 1, pp. 53-72
In recent years boards have become significantly more likely to implement non-binding, majority-vote (MV) shareholder proposals. Using a sample of 620 MV proposals between 1997 and 2004, we find that shareholder pressure (e.g., the voting outcome and the influence of the proponent) and the type...