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

culture: it increases results-orientation but decreases customer-focus, integrity, and collaboration. Shareholders initially …-induced changes in culture are not in shareholders' long-term interests since firm value declines by 1.4% through this channel …

, 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 …

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

directors in decision-making concerning shareholders and stakeholders. In a sample comprising more than nine hundred directors … shareholders and stakeholders, called shareholderism. Directors' shareholderism correlates with personal values, but also with …

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

capital, the rules vest ultimate control of the business in those who provided the equity for the business, the shareholders …. But only all the shareholders acting unanimously have complete authority and discretion in relation to the company …'s affairs. This is in recognition of the fact that shareholders' personal interests are not always aligned and some measure of …

target shareholders. Under the latter, whilst keeping the essential contractual mechanism in place, the regulation aims to … management, on the one hand, and the acquirer and target shareholders on the other, and (b) between the acquirer, on the one hand …, and target shareholders and target management on the other. A contractual approach suggests side-lining management under …