Working Paper

22 October 2019

The Wall Street Stampede: Exit as Governance with Interacting Blockholders

In firms with multiple blockholders governance via exit is affected by how blockholders react to each others' exit. Institutional investors, who hold the majority of equity blocks, are heterogeneous in their incentives. How do these...

Dragana Cvijanović | Amil Dasgupta | Konstantinos Zachariadis