its performance. We demonstrate that following periods of abnormally good performance, managers are more likely to call … GIM Index or the proportion of activist shareholders. Following these special meetings, we find that the next quarter … performance of the firm is negative. Our results are consistent with an interpretation of shareholder inattention to governance …

shareholders from the complex, pyramidal, and often obscure corporate structures. First, we show that there are large differences …

with theory of the firm based on conflicts of interests between shareholders and stakeholders, we find that establishments … of firms that experience an increase in ownership by larger and more concentrated institutional shareholders have lower … local labor markets, and for dedicated and activist institutional shareholders. The labor losses are accompanied by higher …