institutional shareholders. Using hand-collected data from Israel, an environment with concentrated ownership, I employ a power … index borrowed from the political science literature to examine the voting power wielded by institutional shareholders and … the voting patterns they display. I find that institutional shareholders' voting power is negatively related to their …

-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 …

This paper studies voting in shareholders meetings. We focus on the informational efficiency of different voting … mechanisms, taking into account that they affect both management's incentives before the meeting and shareholders' decisions at … effect of worse selection incentives on shareholders' welfare can be large enough to wash out the higher voting efficiency of …

where a substantial fraction of shareholders is expected to vote against management’s voting recommendation, indicating an …

This is the first comprehensive study of the distribution of voting rights to shareholders. Only those owning stock on …

-staggered and staggered boards. We find that through voting, shareholders can increase the efficacy of the audit committee, leading …