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Understanding the (Ir)Relevance of Shareholder Votes on M&A Deals

Cox, James D. - 2020

Persistent link: https://www.econbiz.de/10012850177

Managerial Reliance on the Retail Shareholder Vote : Evidence from Proxy Delivery Methods

Lee, Choonsik - 2020

-friendly) retail shareholders. Our study focuses on an observable managerial choice of how to deliver proxy materials to maximize … retail turnout. Management can opt to send a full set of proxy materials to all shareholders, which increases retail turnout … but also increases printing and mailing costs, or they can send a notice directing shareholders to proxy materials …

Persistent link: https://www.econbiz.de/10012854289

The Role of Proxy Advisors and Large Passive Funds in Shareholder Voting : Lions or Lambs?

Boone, Audra L. - 2020

Proxy advisory firms and large passive mutual funds have faced criticism both for being too powerful and not exercising diligence in proxy voting. We document that the ``Big 3'' passive fund families, Blackrock, State Street, and Vanguard, are increasingly likely to vote with management, and...

Persistent link: https://www.econbiz.de/10012855196

Proxy Rules and Proxy Practices : An Empirical Study of US and UK Shareholder Proposals

Buchanan, Bonnie - 2015

In May 2009, the SEC proposed the most significant amendments to proxy rules since 1942. We build comprehensive samples of US and UK shareholder proposals for the period 2000-2006 to study the relation between proxy rules and proxy practices and the effect of shareholder proposals on firm...

Persistent link: https://www.econbiz.de/10013039333

The Impact of Japan's Stewardship Code on Shareholder Voting

Tsukioka, Yasutomo - 2018

This study investigates the impact of the stewardship code, which is not mandatory with legally binding regulations, on the shareholder voting activity of institutional investors. Despite the introduction of the stewardship code in the UK and some European countries, its impact on shareholder...

Persistent link: https://www.econbiz.de/10012933300

Blockholder voting

Bar-Isaac, Heski; Shapiro, Joel Andrew - In: Journal of financial economics 136 (2020) 3, pp. 695-717

Persistent link: https://www.econbiz.de/10012545715

The effect of minority veto rights on controller pay tunneling

Fried, Jesse M.; Kamar, Ehud; Yāfe, Yišay - In: Journal of financial economics 138 (2020) 3, pp. 777-788

Persistent link: https://www.econbiz.de/10012653141

Proxy advisory firms and corporate shareholder engagement

Dey, Aiyesha; Starkweather, Austin; White, Joshua T. - 2021

We examine the influence of proxy advisors on firms’ shareholder engagement behavior. Our analyses exploit a quasi-natural experiment using Say-On-Pay voting outcomes near a threshold that triggers a review of engagement activities by Institutional Shareholder Services (ISS). Firms receiving...

Persistent link: https://www.econbiz.de/10012586749

Mitigating information imperfections in proxy contests : the effect of dissidents' proxy solicitation

Lee, Choonsik - In: The journal of corporate finance : contracting, … 69 (2021), pp. 1-23

Persistent link: https://www.econbiz.de/10012629670

Governance changes through shareholder initiatives : the case of proxy access

Bhandari, Tara; Iliev, Peter; Kalodimos, Jonathan - In: Journal of financial and quantitative analysis : JFQA 56 (2021) 5, pp. 1590-1621

Persistent link: https://www.econbiz.de/10012618487