Essay highlights an important consequence of this approach: a new agency problem between managers and shareholders regarding …

Minority shareholders tend not to participate in the decision-making process of public companies with a controlling … aimed at incentivizing minority shareholders to exercise their voting rights and use their voice …

This paper examines why institutional shareholders frequently oppose activists when activism increases the value of …

shareholders in civil law systems explains crucial differences in corporate structure and finance. It questions the thesis that the …

In this paper, we study shareholder views on corporate political contributions. We find that, with shareholders … more from this shareholder’s support than Republican party, particularly in case of firms which have recently switched … their political ideology to Democratic party. Our results show that shareholders’ explicit approval has an impact on firm …

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 …