Theory predicts the existence of explicit bilateral contracts between firms and expert shareholders. I assemble and … of the contract covenants are stated in terms of accounting information, and that the prevalence of these contracts is … significantly positively associated with measures of information asymmetry between managers and shareholders. Overall, this study …

Horizontal shareholding exists when significant shareholders have stock in horizontal competitors. (It is often … imprecisely called "common shareholding," but that term can also apply when shareholders own stock in two noncompeting …

horizontal shareholders individually have minority stakes, horizontal shareholding in concentrated markets often has … were the core target of antitrust law were horizontal shareholders. I further show that anticompetitive horizontal …

always correctly transmitted between shareholders and issuers. Recent cases including DNick Holding and T Rowe Price show the … shareholder engagement system enables different opportunities for different types of shareholders, creating inequalities and … contribution we argue that blockchain technology can solve these current inefficiencies shareholders and companies face. Using a …

, eds.) examines the role of shareholders in the modern American public corporation. The chapter starts with the Berle and … changed the situation. Shareholders have three main sets of rights through which they can protect themselves: the right to …

wrong in claiming that common shareholders lack incentives to influence corporations to increase portfolio value by …

would reduce agency costs by forcing firms to allocate more control to shareholders. Such proposals disregard the costs that … shareholders avoid by delegating control to managers and voluntarily restricting their own control rights. This Essay introduces … principal-cost theory, which posits that each firm's optimal governance structure minimizes the sum of principal costs, produced …