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Advising the Management: A Theory of Shareholder Engagement

https://doi.org/10.1093/rfs/hhac061
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Outgoing claims: the papers this work cites, builds on, or argues with.

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Higher market valuation of companies with a small board of directors
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Bayesian persuasion with heterogeneous priors
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Boards: Does one size fit all☆
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Financial expertise of directors
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Passive investors, not passive owners
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The Common Prior Assumption in Economic Theory
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Large Shareholders and Corporate Control
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Large Shareholder Activism, Risk Sharing, and Financial Market Equilibrium
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Differential Interpretation of Public Signals and Trade in Speculative Markets
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Ownership Dynamics and Asset Pricing with a Large Shareholder
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Opinions as Incentives
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Differences of Opinion Make a Horse Race
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When Shareholders Disagree: Trading after Shareholder Meetings
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Group-Managed Real Options
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A Theory of Board Control and Size
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Price Drift as an Outcome of Differences in Higher-Order Beliefs
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Communication and Decision-Making in Corporate Boards
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Editor'S choice: : Active ownership
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Authority, Consensus, and Governance
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Soft Shareholder Activism
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Shareholder-Manager Disagreement and Corporate Investment
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Collective Action and Governance Activism
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The Influence of Institutions on Corporate Governance through Private Negotiations: Evidence from TIAA‐CREF
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The Going‐Public Decision and the Development of Financial Markets
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Differences of Opinion and the Cross Section of Stock Returns
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Manipulation and the Allocational Role of Prices
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Limitation of Liability and the Ownership Structure of the Firm
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Stock Market Efficiency and Economic Efficiency: Is There a Connection?
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CEO Overconfidence and Corporate Investment
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The Entrepreneur's Choice between Private and Public Ownership
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A Theory of Friendly Boards
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Disagreement and Learning: Dynamic Patterns of Trade
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Nonbinding Voting for Shareholder Proposals
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The Vote Is Cast: The Effect of Corporate Governance on Shareholder Value
inferredcites →https://doi.org/10.1111/jofi.12393openalex-snapshot
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Proxy Advisory Firms: The Economics of Selling Information to Voters
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Words Speak Louder without Actions
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The Real Effects of Financial Markets
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Information Aggregation in Polls
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Disagreement and the Stock Market
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Culture Clash: The Costs and Benefits of Homogeneity
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A Theory of Corporate Boards and Forced CEO Turnover
inferredcites →https://doi.org/10.1287/mnsc.2021.4131openalex-snapshot
Wolf Pack Activism
inferredcites →https://doi.org/10.2139/ssrn.1975866openalex-snapshot
Dodd-Frank's Say on Pay: Will it Lead to a Greater Role for Shareholders in Corporate Governance?
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Blockholders: A Survey of Theory and Evidence
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Coordinated Engagements
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CEO Compensation: Evidence from the Field
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The Big Three and Board Gender Diversity: The Effectiveness of Shareholder Voice
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Policy Advice with Imperfectly Informed Experts
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Strategic Information Transmission
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How Fast do Rational Agents Learn?
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Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation
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‘Low-Cost’ Shareholder Activism: A Review of the Evidence

What points at this work

Incoming claims: where this work appears in other papers’ reference lists and arguments.

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Coordinated Engagements
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Estimating the Long-Term Effects of Activism Using a Natural Experiment in UK Small-Cap Stocks
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Similarity Breeds Trust: Political Homophily and CEO-Board Communication
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The Ownership Structure of U.S. Corporations
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Externalities of Responsible Investments
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Proxy Exempt Solicitation Campaigns
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Corporate Governance Implications of the Growth in Indexing
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Does Board Size Matter?
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Shareholder Voice and Executive Compensation
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Blockholders and strategic voting in DeFi DAOs' governance
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Do Corporate Governance Mechanisms Help to Reduce Carbon Emissions? Some Empirical Evidence on Listed Companies in France, Germany, the United Kingdom, and Japan
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Sustainable investing under delegated investment management
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Beyond Green Signaling: Are Institutional Investors Decarbonizing Their Portfolios?
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University shareholding and corporate innovation: Evidence from China
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Firm complexity and credit ratings
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When does introducing verifiable communication choices improve welfare?
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Shareholder Activism in Small-Cap Newly Public Firms
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Are ESG funds greenwashing? An analysis of ESG ratings and ESG rating momentum
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Proxy Advisory Firms and Corporate Shareholder Engagement
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What Role Do Boards Play in Companies with Visionary CEOs?
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Quid Pro Quo? Private Information Flows in Shareholder Activism: Evidence from Mutual Fund Families
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Trading and Shareholder Democracy
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Divestment From Fossil Fuels: Evidence From Ownership Data
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Corporate Shareholder Engagement and Analyst Earnings Forecasts
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The Economics of Investor Engagement
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Divestment From Fossil Fuels: Evidence From Ownership Data
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All Shareholder Votes Are Not Created Equal
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The Governance Role of Investor Communications: Evidence from a Field Experiment
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Public Information as a Source of Disagreement Among Shareholders
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The Sound and the Fury: Discordance between Experts and the Crowd and Corporate Investment
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Credibility Cycles
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