show that informed ownership improves the quality of governance of the firm and induces value-enhancing decisions (less …

This study provides new evidence on the impact of governance on the performance of privately defined contribution … pension plans. Using a hand collected data set on governance factors, the study shows that the external and internal … governance mechanisms in pension plans are weak. One explanation for this weakness is the potential conflict between the pension …

corporate governance. We start with the underlying property rights of public corporations; we discuss how blockholders are … active in firm governance. We then examine what distinguishes a blockholder from an ordinary shareholder and advocate … blockholder governance through both voice (direct intervention) and exit (selling one's shares). We survey the empirical evidence …