Information asymmetry between shareholders and corporate managers can subvert contemporary calls for increased … institutional investor oversight. In jurisdictions where controlling shareholders are common, information asymmetry can also arise … between minority shareholders and controlling shareholders, impeding the monitoring of the latter by the former. Shareholder …

shareholders. Great attention has been devoted to short-term trading on the one hand and diversified index funds on the other, but … 'quality shareholders'. GW’s Quality Shareholders Initiative ('QSI') is pleased to present highlights of the initial …

-held shareholding. Conversely, a primary purpose of stewardship in Korea is to keep controlling shareholders in check, particularly by …

examining data on voting outcomes, I note shareholders rejected a very low number of mergers, which generally passed with … significantly high approval percentages. Instead of concluding that voting is mere rubber-stamping by shareholders, voting … positively affects mergers through the expectation that shareholders will turn down undesirable deals. The voting requirement …

voting rules: ratio rules, difference rules, and share majority rules. The characterizations rely on two key axioms: merger … requires the shareholder voting rule to be immune to certain manipulative techniques used by shareholders to hide their …

, evidence is in strong support that firms with merger-related conference calls yield a higher abnormal return than firms merely …

Appraisal rights grant dissenting shareholders in an acquisition the right to petition the court to determine the value … of their shares. These rights can protect shareholders from acquisitions below fundamental value or can be abused by …