Corporate bylaws are the new leading edge of a decades-long struggle between shareholders and managers over the … allocation of decision-making authority in public companies. Bylaws are the only method by which shareholders can unilaterally … in circumstances where shareholders' other core rights, i.e., the ability to exit the firm or sue its fiduciaries, are …

shareholders who reveal a corresponding preference for social or environmental performance, as proxied by their quantifiable …

evolution into hard law standards of behaviour for institutional shareholders. We argue that the time is ripe for the …

Controlling shareholders often pledge their ownership in the firm to offer collateral for either their personal loans … modification in the payoff structure can influence the incentives of controlling shareholders and have real effects on firm value … ownership of controlling shareholders and destroy firm value. On the contrary, share pledges for firm loans mitigate problems of …

management to supply more private information to that investor, and less public disclosure to other similarly aligned investors … who free-ride off the monitor. We test this prediction in the setting where large shareholders contractually bind … management to share private information. We find that after the execution of such contracts, firms improve their performance and …

blockholder when the cost of activism is low or the created value is high. Such a reform would favor minority shareholders …

This study uses two distinct quasi-natural experiments to examine the effect of institutional shareholders on corporate … reconstitutions improves portfolio firms' CSR performance. We then find that firms have lower CSR ratings when shareholders are … financially material. Furthermore, we show that institutional shareholders influence CSR through CSR-related proposals. Overall …