A Survey of Shareholder Activism: Motivation and Empirical Evidence
University of Georgia - Department of Banking and Finance
Laura T. Starks
University of Texas at Austin - Department of Finance
Shareholder activism by institutions is an important aspect of U.S. financial markets. We provide an overview of shareholder activism by institutional and individual investors, emphasising their focus on corporate governance, the identity of the activists, and a brief history of their activities. We also present a survey of the theoretical and empirical research regarding the motivations and outcomes of shareholder activism.
Number of Pages in PDF File: 38
Keywords: Corporate Governance, Shareholder Activism
JEL Classification: G30, G34working papers series
Date posted: February 7, 2005
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