Shareholder Rights

A major friction in capital markets are information asymmetries, which can lead to mispricing of shares.

Recent regulatory reforms in advanced economies have empowered shareholders by letting them vote on executive compensation, corporate tra

Index funds and indexed ETFs managed by the “Big Three” – BlackRock, Vanguard and State Street – have grown to be the largest investors i

In the absence of agency conflict and market frictions, it is beneficial to allow greater freedom to firms in their choice of corporate f

Corporate insiders may engage in tunneling—transactions to transfer value from outside shareholders to themselves.

This paper looks at shareholder activism from the perspective of the revision of the EU Shareholder Rights Directive, which was approved

Many policy-makers appear to subscribe to the view that granting shareholders more rights is better.