between corporate management and shareholders illustrate, voting has never been more important. Yet, traditional theory about … fundamental changes as to who shareholders are and their incentives to vote (or not vote). In the first section of the article, we …, regularly using the ballot box to pressure targeted firms to create shareholder value, thereby giving institutional shareholders …

that such investments serve at least three functions. First, they play a role in corporate governance, as managers in firms …

policies affects the quality of firm governance. We find that a 2003 reform that empowered shareholders to approve or reject …

shareholder interests and constrained managerial discretion where corporate managers are expected to privately negotiate and …

This paper examines the impact of cross-country variation in shareholders' and debt holders' rights on post … creditors to replace incumbent managers. Reputable IPO advisors exacerbate the positive impact of shareholder rights and the …

purpose debate from a different point of view: that of the shareholders. Specifically, we seek to critically assess the … assumptions about shareholders embedded in the shareholder value maximization doctrine and examine the implications of three … contemporary shareholding practices: (a) shareholders investing concurrently in competing firms, (b) residual-risk bearing …

We show that in countries with more societal trust shareholders cast fewer votes at shareholder meetings and are more … performance in high-trust countries, suggesting that managers do not exploit greater discretion when trust is high. We also find a …

information asymmetries between owners and managers. The present study investigates the effect of shareholder activism (as … expressed by the proxy proposals sponsored by shareholders), and monitoring by the largest institutional owner on earnings …