Current attempts to reform financial markets presume that shareholder empowerment benefits shareholders. We investigate … the wealth effects associated with the SEC's rule to facilitate director nominations by shareholders. Our results are not … the probability of passage of the proposal, firms whose shareholders are more likely to use the rule to nominate directors …

shareholders. As a result, these directors have incentives to go along with controllers' wishes, or, at least, inadequate … that allows policymakers to produce the precise balance of power between controlling shareholders and public investors that …

shareholders far removed from the firm's day-to-day operations; and delegated management, which opens up the possibility for … appointment rights, by which shareholders retain the right to appoint and remove directors. Next, it focuses on core decision …

-referential and unaccountable boards has gained momentum and prompted several important reforms aimed at enhancing shareholders … legislative and regulatory initiatives and advances a new, bold if not heterodox, proposal to empower shareholders and better … voting" is superior to the traditional U.S. "cumulative voting" both from the point of view of directors, managers and …

between corporate controlling shareholders and minority shareholders during China’s split-share structure reform, wherein … shareholders. Our initial analysis provides evidence that profit-promised firm-years are, on average, associated with income … ownership. Further analysis documents that the exit threat of institutional shareholders can discipline earnings management …

Universal Demand laws, which restrict shareholder lawsuits that allege a breach of fiduciary duty by directors or managers. We …

for the EU to better insulate managers from shareholder pressure. But the evidence offered---rising levels of repurchases …