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one hand, the SEC's rejection appears to be a stunning blow to the shareholders' rights campaign because many shareholders … of majority voting and the adoption of the e-proxy rules. Because these developments provide shareholders with … shareholders …
Persistent link: https://www.econbiz.de/10013099005
explores the key engagement mechanisms and techniques employed today by public company shareholders. The paper’s analysis … phenomenon. Shareholders use, to varying degrees, a wide range of engagement techniques. These include the shareholder meeting … marshal the governance influence of such investors in recent high-profile cases. Second, shareholders often mix and match …
Persistent link: https://www.econbiz.de/10014348828
Horizontal shareholdings exist when a common set of investors own significant shares in corporations that are horizontal competitors in a product market. Economic models show that substantial horizontal shareholdings are likely to anticompetitively raise prices when the owned businesses compete...
Persistent link: https://www.econbiz.de/10013004193
wrong in claiming that common shareholders lack incentives to influence corporations to increase portfolio value by …
Persistent link: https://www.econbiz.de/10012849569
An appropriate division of power between the board of directors and shareholders of the company is quintessential for … the success of the company. However, for a long period of time the monitoring powers of the shareholders were limited …) powers in the hands of the (general meeting of) shareholders. This paper addresses in a comparative perspective the powers of …
Persistent link: https://www.econbiz.de/10013109628
, outlook, and ideology, have also empowered activist shareholders.There are strong normative arguments for disempowering … shareholders and, accordingly, for rolling back the gains shareholder activists have made. Whether that will prove possible in the … corporate efficiency and performance, especially by holding poorly performing boards of directors and top management teams to …
Persistent link: https://www.econbiz.de/10012905275
interests of shareholders; shareholder entitlement, shareholder primacy, and shareholder empowerment. I show how these …, European Union and the United States. I show the negative impact of shareholder primacy and argue that empowering shareholders … – particularly where the only shareholders with significant economic power are institutions – is a retrograde and populist step that …
Persistent link: https://www.econbiz.de/10013143538
, economic and political, both counsel in favor of extending the corporate franchise to employees as well as shareholders, and …
Persistent link: https://www.econbiz.de/10012848084
Corporations, like the rest of us, must comply with environmental and other laws or suffer the consequences. Unfortunately, these consequences can pale in comparison to the gains to be made from non-compliance. Law-and-economics scholarship recognizes this and, by treating many laws as mere...
Persistent link: https://www.econbiz.de/10014137951
I collect 1,186 reported estimates of long-run value creation from 49 studies and present the first meta-analysis of the literature on shareholder activism and its effect on firm value in the longrun. This synthesis is necessary because shareholder activism is increasing over time and across...
Persistent link: https://www.econbiz.de/10014505919