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Much of the history of corporate law has concerned itself not with shareholder power, but rather with its absence. Yet, as this Handbook shows, there have been major shifts in capital market structure that require a reassessment of the role and power of shareholders. This book provides a contemporary analysis of shareholder power and considers the regulatory consequences of changing ownership patterns around the world. Leading international scholars in corporate law, governance and financial economics address these central issues from a range of different perspectives including historical, contemporary, legal, economic, political and comparative.

Authors

Jennifer Hill

Bob Baxt AO Chair in Corporate and Commercial Law
Monash University
Research Member

Randall Thomas

John S. Beasley Professor of Law and Business
Vanderbilt University Law School and Owen School of Management
Research Member

S. Bainbridge

Marco Becht

Professor of Finance and the Goldschmidt Professor of Corporate Governance
Solvay Brussels School for Economics and Management, Université libre de Bruxelles
Fellow, Research Member

M. Belcredi

M.M. Blair

John Coates

John F. Cogan, Jr. Professor of Law and Economics, Research Director, Center on the Legal Profession
Harvard Law School / Harvard Business School
Fellow, Research Member

J.D. Cox

Paul Davies

Emeritus Professor of Corporate Law; Senior Research Fellow
University of Oxford
Fellow, Research Member

P.H. Edelman

T. Eguchi

Luca Enriques

Professor of Business Law
Bocconi University, Department of Legal Studies
Fellow, Research Member

Guido Ferrarini

Emeritus Professor of Business Law
University of Genoa
Fellow, Research Member

Fabrizio Ferri

Professor of Financial and Managerial Accounting
University of Miami
Research Member

M. Filippelli

Julian Franks

Professor of Finance
London Business School
Fellow, Research Member

G.S. Geis

Ronald Gilson

Charles J. Meyers Professor of Law and Business
Columbia Law School & Stanford Law School
Fellow, Research Member

Jeffrey Gordon

Richard Paul Richman Professor of Law and Co-Director, Millstein Center for Global Markets and Corporate Ownership
Columbia Law School
Fellow, Research Member

E. Gorga

J. Grant

L. Guo

G. Heng

Kon Sik Kim

Emeritus Professor
Seoul National University School of Law
Research Member

Luh Luh Lan

Associate Professor
National University of Singapore
Research Member

Ronald Masulis

Scientia Professor in Finance
UNSW School of Business, University of New South Wales
Research Member

Colin Mayer

Emeritus Professor of Management Studies
Blavatnik School of Government and Saïd Business School, University of Oxford
Fellow, Research Member

Frank Partnoy

Adrian A. Kragen Professor of Law
University of California, Berkeley
Research Member

P.K.Pham

E. Pikulina

Dan Puchniak

Professor
Singapore Management University, Yong Pung How School of Law
Research Member

Luc Renneboog

Professor of Corporate Finance
Tilburg University
Research Member

Z. Shishido

Mathias Siems

Professor of Private Law and Market Regulation
European University Institute
Research Member

R.B. Thompson

Umakanth Varottil

Professor of Law
Faculty of Law, National University of Singapore
Research Member

H. Wells

J. Zein

Reviews

The most pressing challenge in corporate governance today is figuring out how to modulate the power given to public investors. Too little is harmful, but so is too much. Finding the sweet spot is very tricky. This Research Handbook makes the quest a little easier. It collects in one place a set of thoughtful and provocative essays, authored by leading academic experts from around the world, on a range of topics related to corporate governance and the power of shareholders. Very highly recommended.

The Research Handbook on Shareholder Power offers a state-of-the-art collection of original essays on the most profound development in corporate governance in recent decades: the growth of shareholder power as against managerial dominance. From the 1960s through at least the mid-1980s one would hear only cries bemoaning shareholder vulnerability. Managers were in control. Today it is at least as common to hear complaints by managers that they are being persecuted by activist shareholders. The reader of the Handbook will come away with an acute understanding of how and why this happened, and how all this reverberates in countries.

Edward Elgar’s Research Handbook on Shareholder Power is an excellent collection of essays by leading scholars in the fields of corporate law and corporate governance. Professors Hill and Thomas are to be commended for delivering this valuable and timely volume on a fascinating and crucial topic.

Overall, this is an excellent high-quality book that engages and challenges us to look at these issues in our own jurisdictions and beyond. It is a valuable addition to all our libraries.

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