Wireless Investors & Apathy Obsolescence

24 Pages Posted: 1 Aug 2022 Last revised: 19 Jan 2023

See all articles by Sergio Alberto Gramitto Ricci

Sergio Alberto Gramitto Ricci

NYU School of Law

Christina M. Sautter

Louisiana State University Paul M. Hebert Law Center

Date Written: July 24, 2022

Abstract

This Article discusses how a subgenre of retail investors makes investors’ apathy obsolete. In prior work, we dub this genre of retail investors “wireless investors” for their reliance on technology and online communications. Their global scale online communications allow them to circulate information and coordinate, obliterating collective action problems. Wireless investors are on the verge of causing a lasting paradigm shift in corporate governance.

Keywords: retail investors, Millennials, GenZ, apathy, collective action, game theory, social norms, corporate governance, ESG, investing, stakeholders

JEL Classification: K2, K20, K22

Suggested Citation

Gramitto Ricci, Sergio Alberto and Sautter, Christina M., Wireless Investors & Apathy Obsolescence (July 24, 2022). Washington University Law Review, Vol. 100, forthcoming 2023, Available at SSRN: https://ssrn.com/abstract=4171224 or http://dx.doi.org/10.2139/ssrn.4171224

Sergio Alberto Gramitto Ricci

NYU School of Law ( email )

4153280756 (Phone)

Christina M. Sautter (Contact Author)

Louisiana State University Paul M. Hebert Law Center ( email )

330 Law Center Building
Baton Rouge, LA 70803
United States
225-578-1306 (Phone)

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