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to an influential argument, activist shareholders can offer a solution by supplying large investment managers with … shareholders – have different visions of stewardship with little scope for interactions. For large investment managers, general …
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Pragmatic and effective research on corporate governance often turns critically on appreciating the legal institutions surrounding corporate entities—yet such nuances are often unfamiliar or poorly specified to economists and other social scientists without legal training. This chapter...
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shareholder interests by making the board more responsible to shareholders, and strengthening the monitoring of top management by … investments are, like financial investments, not ex ante contractible, leaving investors open to exploitation by shareholders …
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