. We find that: (1) PSP sponsors successfully identify firms that suffer from a misalignment of managers and shareholders …' interests; (2) CEOs' pay-for-performance sensitivity increases in the post-proposal period; and (3) shareholders benefit through … performance (NPSPs). Collectively, our results indicate that shareholders benefit from this pay-performance activism through PSPs …

, we find that shareholders do not react negatively to the inclusion of a Dead Hand Proxy Put in a firm's loan agreements …

Corporate bylaws are the new leading edge of a decades-long struggle between shareholders and managers over the … allocation of decision-making authority in public companies. Bylaws are the only method by which shareholders can unilaterally … in circumstances where shareholders' other core rights, i.e., the ability to exit the firm or sue its fiduciaries, are …

Ease of coordination can enable diffuse shareholders to play a more effective role in corporate governance and thereby … coordination, I find evidence that ease of coordination among institutional shareholders is positively associated with firm value … coordination improves firm value by enhancing the governance role provided by shareholders …