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The global financial crisis gave rise to competing narratives about shareholders and their engagement in corporate governance. According to one...Read more
Mutual funds own approximately 30 percent of the U.S. equity market, and the Big Three fund families – Blackrock, Vanguard, and State Street – are...Read more
This paper studies managerial reaction to shareholder empowerment that strengthens shareholder voting, a form of direct democracy. We explore this...Read more