model that shows that when shareholders have direct access to proxy the quality of the board improves. This is so, because …'s). When the board can signal its type at a relative small cost, giving shareholders direct access to proxy is better than …

in restraining tunneling behavior by controlling shareholders in the Chinese capital market. Our empirical evidence shows … that tunneling behavior by controlling shareholders is negatively related to the network centrality of independent … shareholders, which plays a positive role in corporate governance …

This study examines how directors make decisions that involve shareholders and other stakeholders. Using vignettes … often side with shareholders …

This paper examines whether post-merger board composition affects the premiums paid to target shareholders. Using a …

The past financial crisis revealed the lack of engagement of institutional shareholders in matters of corporate policy … formation. It has been argued that, because of the absence of adequate normative powers, institutional shareholders have not … actively engaged with their companies. Conversely, some suggest that shareholders, despite being adequately empowered, do not …

shareholders are better served by making the compensation decision themselves. In this paper, in a game theoretic set up, we … analyze shareholder payoffs under the traditional delegated- governance structure wherein shareholders set the compensation of … alternate owner-governance structure wherein shareholders determine the compensation contracts for both the board and management …

We ask when and how a diverse board can benefit shareholders. Board diversity may be value-increasing even if some … directors have agendas that are not perfectly aligned with shareholders' interests. Diversity commits the board to a high …