information asymmetries between owners and managers. The present study investigates the effect of shareholder activism (as … expressed by the proxy proposals sponsored by shareholders), and monitoring by the largest institutional owner on earnings …

Ease of coordination can enable diffuse shareholders to play a more effective role in corporate governance and thereby … coordination, I find evidence that ease of coordination among institutional shareholders is positively associated with firm value … leads to fewer anti-takeover provisions being rescinded, overly excessive CEO compensation, lower equity-based pay for CEOs …

court systems, and the resulting disorder generates uniformly negative consequences for shareholders. The multi … but otherwise does nothing to restrict the venue options of shareholders …

controlling these agency costs, allowing shareholders to sue if directors overstep legal limits. Shareholder litigation, however … securities class actions and merger cases. Regardless of the underlying law, shareholder litigation faces a common need for a … suits, the law relies on corporate boards. And in merger cases, the law depends on greater oversight by judges in their …

terms as defenses against hedge fund activism that threaten to reduce firm value by entrenching underperforming managers and …, we find that shareholders do not react negatively to the inclusion of a Dead Hand Proxy Put in a firm's loan agreements …

not abused.Shareholders are not liable for debts of the company. The risk of unlimited liability underlying the fiduciary … duty of partners is, therefore, not a viable justification for a similar duty of shareholders. Two mutually non …-exclusive explanations are submitted in support of a shareholders' fiduciary duty. The first explanation rests on the characterization of …