A Survey of Shareholder Activism: Motivation and Empirical Evidence

Gillan, Stuart; Starks, Laura T.

doi:10.2139/ssrn.663523

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A Survey of Shareholder Activism: Motivation and Empirical Evidence

38 Pages Posted: 7 Feb 2005

See all articles by Stuart Gillan

Stuart Gillan

University of Georgia - Department of Finance

Laura T. Starks

University of Texas at Austin - Department of Finance

There are 2 versions of this paper

Date Written: 1998

Abstract

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.

Keywords: Corporate Governance, Shareholder Activism

JEL Classification: G30, G34

Suggested Citation: Suggested Citation

Gillan, Stuart L. and Starks, Laura T., A Survey of Shareholder Activism: Motivation and Empirical Evidence (1998). Available at SSRN: https://ssrn.com/abstract=663523 or http://dx.doi.org/10.2139/ssrn.663523