In a departure from the usual questionnaire‐based survey, this study attempts to understand the capital budgeting process of large U.S. firms by examining capital budgeting manuals that Fortune 500 companies use to explain their respective capital budgeting policies and procedures. The paper...

The effects of a proxy contest for control on a company are examined in this paper over a short, intermediate and long‐term post‐contest period of time. Major findings are as follows. First, compared to a non‐contest matchinggroup of firms, proxy contest for control firms as a whole are...