study aims to analyze the effect of CEO power (proxied by CEO ownership), and characteristics (CEO educational background …

shareholder interests by making the board more responsible to shareholders, and strengthening the monitoring of top management by … investments are, like financial investments, not ex ante contractible, leaving investors open to exploitation by shareholders …

. We find that: (1) PSP sponsors successfully identify firms that suffer from a misalignment of managers and shareholders …' interests; (2) CEOs' pay-for-performance sensitivity increases in the post-proposal period; and (3) shareholders benefit through … performance (NPSPs). Collectively, our results indicate that shareholders benefit from this pay-performance activism through PSPs …

I analyze the allocation of the power to decide on hostile takeovers between directors and shareholders. My …, shareholders nevertheless may have the power to reverse the outcome via a vote. I argue that even though shareholders sometimes … contribution is to show who actually has power in a takeover and what factors are at work to give such power. Although directors …

purpose debate from a different point of view: that of the shareholders. Specifically, we seek to critically assess the … assumptions about shareholders embedded in the shareholder value maximization doctrine and examine the implications of three … contemporary shareholding practices: (a) shareholders investing concurrently in competing firms, (b) residual-risk bearing …