A Survey of Shareholder Activism: Motivation and Empirical Evidence
38 Pages Posted: 7 Feb 2005
Date Written: 1998
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