underperforming firm as being motivated by a portfolio-wide liquidity shock. This reduces the manager's effort incentives and weakens …

Large shareholders may play an important role for firm performance and policies, but identifying this empirically … to separate selection from treatment effects of large shareholders. Individual blockholders tend to hold blocks in public …. These shareholders have a large impact on firms, controlling for selection effects …

In theory, large institutional investors are in an excellent position to overcome collective action problems and form … this knowledge to undermine potential coalitions. After setting forth the general theory, the article develops various …

Shareholders rights advocates argue that shareholders have the right to control the corporation. This article examines …, rationale and development of shareholder rights which leads to the analysis of current shareholders’ rights. The article …