Wireless Investors & Apathy Obsolescence

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