This study investigates the effects of information asymmetry on shareholder participation. We find that a drop in analyst coverage following brokerage house closures and mergers is associated with an increase in the number of shareholder proposals. This effect is more pronounced for firms with...

A key objective of shareholder activists is to persuade a firm’s management to change its strategy. CFOs play an important role in negotiations, nonetheless activism research mainly focuses on CEOs. We examine the relationship between CFO overconfidence and the likelihood to get targeted by...

The present study is focused on investigating the relationship between intentional governance mechanisms (Directors' boards, Ownership structure and audit quality) and financial communication transparency. For this purpose, a model is used and applied to Tunisian firms' sample observed over the...