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The Case Against Shareholder Empowerment
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The Case Against Shareholder Empowerment (2009)The Case Against Shareholder EmpowermentBucking the trend: Why do IPOs choose controversial governance structures and why do investors let them? (2022)Bucking the trend: Why do IPO…Corporate Governance in the Hospitality and Tourism Industry: Theoretical Foundations and Future Research (2021)Corporate Governance in the H…The impact of corporate governance on compounding inequality: Maximising shareholder value and inflating executive pay (2018)The impact of corporate gover…Preserving the corporate superego in a time of stress: an essay on ethics and economics (2017)Preserving the corporate supe…Institutional investors as stewards of the corporation: Exploring the challenges to the monitoring hypothesis (2017)Institutional investors as st…Recent Advances in Research on Hedge Fund Activism: Value Creation and Identification (2015)Recent Advances in Research o…Failure of the Dodd-Frank Act (2015)Failure of the Dodd-Frank ActDISAPPEARING PARADIGMS IN SHAREHOLDER PROTECTION: LEXIMETRIC EVIDENCE FOR 30 COUNTRIES, 1990-2013 (2015)DISAPPEARING PARADIGMS IN SHA…Disappearing Paradigms in Shareholder Protection: Leximetric Evidence for 30 Countries, 1990-2013 (2015)Disappearing Paradigms in Sha…Corporate governance antecedents to shareholder activism: A zero‐inflated process (2015)Corporate governance antecede…The Myth That Insulating Boards Serves Long-Term Value (2013)The Myth That Insulating Boar…Drift and Adjustment in Organizational Rule Compliance: Explaining the “Regulatory Pendulum” in Financial Markets (2013)Drift and Adjustment in Organ…Deconstructing the Mythology of Shareholder Value: A Comment on Lynn Stout’s “The Shareholder Value Myth” (2013)Deconstructing the Mythology …Shareholders in the Boardroom: Wealth Effects of the SEC’s Proposal to Facilitate Director Nominations (2012)Shareholders in the Boardroom…Corporate governance: quo vadis? (2011)Corporate governance: quo vad…The Rising Tension between Shareholder and Director Power in the Common Law World (2010)The Rising Tension between Sh…Agency Problems and the Theory of the Firm (1980)Law and Finance (1998)The law and economics of self-dealing (2008)Convergence to shareholder primacy corporate governance: evidence from a leximetric analysis of the evolution of corporate governance regulations in 21 countries, 1995-2014 (2019)Legal Perception and Finance: The Case of IPO Firm Value (2021)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Illiquidity and stock returns: cross-section and time-series effects (2002)The second wave of hedge fund activism: The importance of reputation, clout, and expertise (2016)Blockholders: A Survey of Theory and Evidence ✶ ✶This article was prepared for the Elsevier Handbook of the Economics of Corporate Governance. We thank the editors, Ben Hermalin and Mike Weisbach, for inviting us to write this chapter. We thank Bo Becker, Amil Dasgupta, Doron Levit, Song Ma, Devin Reilly, Ed Rock, Fenghua Song, David Yermack, and especially Øyvind Bøhren for comments, and Janet Chater, Irem Erten, and Tom Schneider for research assistance. (2017)Institutional Investors and Hedge Fund Activism (2020)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Separation of Ownership and Control (1983)A Survey of Corporate Governance (1997)Non‐financial Shareholder Activism: A Process Model for Influencing Corporate Environmental and Social Performance* (2017)Different Horizons: The Effects of Hedge Fund Activism Versus Corporate Shareholder Activism on Strategic Actions (2021)Fintech, Board of Directors and Corporate Performance in Saudi Arabia Financial Sector: Empirical Study (2022)Law and Finance (1996)Corporate Ownership Around the World (1999)Does Shareholder Approval Requirement of Equity Compensation Plans Matter? (2011)The Future of Shareholder Democracy in the Shadow of the Financial Crisis (2012)Accounting for rituals and ritualization: The case of shareholders’ associations (2014)Basics of Qualitative Research: Grounded Theory Procedures and Techniques. (1992)Qualitative Data Analysis: An Expanded Sourcebook (1994)Research design: qualitative, quantitative, and mixed methods approaches (2003)How does ownership by corporate managers affect R&D in the UK? The moderating impact of institutional investors (2021)The evolution of corporate governance and agency control: the effectiveness of mechanisms in creating value for companies with IPO on the Brazilian stock exchange (2021)Impact of corporate governance diversity on carbon emission under environmental policy via the mandatory nonfinancial reporting regulation (2023)The Problem of Social Cost (1960)The Contest on Corporate Purpose: Why Lynn Stout was Right and Milton Friedman was Wrong (2020)Corporate governance and wealth and income inequality (2021)The double burden of maldistribution: a descriptive analysis of corporate wealth and income distribution in four unhealthy commodity industries (2021)The Economic Structure of Corporate Law. (1993)The Ownership of Enterprise (2000)Estimating the effect of entrenched boards on firm value using geographic identification (2014)Convergence, Legal Origins, and Transplants in Comparative Corporate Law: A Case-Based and Quantitative Analysis (2015)Do staggered boards harm shareholders? (2016)A Theory of Friendly Boards (2007)The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey (2010)Boards, and the Directors Who Sit on Them ✶ ✶I thank Benjamin Hermalin and Michael Weisbach for their comments and for inviting me to write this chapter. I thank Ying Dou, Mandeep Singh, and Jing Xu for excellent research assistance. (2017)Boards, and the Directors Who Sit on Them (2017)Governance Changes through Shareholder Initiatives: The Case of Proxy Access (2020)Institutionalized Organizations: Formal Structure as Myth and Ceremony (1977)The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields (1983)The predictive roles of financial indicators and governance scores on firms’ emission performance in the tourism and hospitality industry (2023)How Does CEO Duality Influence ESG Scores in Hospitality and Tourism Companies? Confounding Roles of Governance Mechanisms and Financial Indicators (2024)The impact of the environmental, social and governance dimensions of sustainability on firm risk in the hospitality and tourism industry (2024)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Production, Information Costs and Economic Organization (1996)Boards: Does one size fit all☆ (2007)The Life Cycle Effects of Corporate Takeover Defenses (2021)Tournament incentives and IPO failure risk (2021)IPOs and SPACs: Recent Developments (2023)
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  • 2015Recent Advances in Research on Hedge Fund Activism: Value Creation and Identification104 cited
  • 2015Corporate governance antecedents to shareholder activism: A zero‐inflated process96 cited
  • 2013The Myth That Insulating Boards Serves Long-Term Value74 cited
  • 2022Bucking the trend: Why do IPOs choose controversial governance structures and why do investors let them?72 cited
  • 2015Disappearing Paradigms in Shareholder Protection: Leximetric Evidence for 30 Countries, 1990-201344 cited
  • 2017Institutional investors as stewards of the corporation: Exploring the challenges to the monitoring hypothesis42 cited
  • 2012Shareholders in the Boardroom: Wealth Effects of the SEC’s Proposal to Facilitate Director Nominations39 cited
  • 2021Corporate Governance in the Hospitality and Tourism Industry: Theoretical Foundations and Future Research39 cited
  • 2018The impact of corporate governance on compounding inequality: Maximising shareholder value and inflating executive pay37 cited
  • 2010The Rising Tension between Shareholder and Director Power in the Common Law World37 cited
  • 2011Corporate governance: quo vadis?35 cited
  • 2013Drift and Adjustment in Organizational Rule Compliance: Explaining the “Regulatory Pendulum” in Financial Markets35 cited
  • 2015Failure of the Dodd-Frank Act31 cited

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  • 2017Preserving the corporate superego in a time of stress: an essay on ethics and economics24 cited
  • 2015DISAPPEARING PARADIGMS IN SHAREHOLDER PROTECTION: LEXIMETRIC EVIDENCE FOR 30 COUNTRIES, 1990-201324 cited
  • 2013Deconstructing the Mythology of Shareholder Value: A Comment on Lynn Stout’s “The Shareholder Value Myth”23 cited