Controlling shareholders have been directly involved in some of the largest and most consequential bribery scandals in the world over the course of the...
We analyze dynamic trading by an activist investor who can expend costly effort to affect firm value. We obtain the equilibrium in closed form for a...
This paper describes different forms of ownership across countries and how these forms influence the way companies are governed. In most stock markets...
A 1970 New York Times essay on corporate social responsibility by Milton Friedman is often said to have launched a shareholder-focused reorientation of...