Author: Jeffrey Neil Gordon
Publisher: Oxford University Press
ISBN: 0198743688
Category : Business & Economics
Languages : en
Pages : 1217
Book Description
Corporate law and governance are at the forefront of regulatory activities worldwide, and subject to increasing public attention in the wake of the Global Financial Crisis. Comprehensively referencing the key debates, the Handbook provides a much-needed framework for understanding the aims and methods of legal research in the field.
The Oxford Handbook of Corporate Law and Governance
Author: Jeffrey Neil Gordon
Publisher: Oxford University Press
ISBN: 0198743688
Category : Business & Economics
Languages : en
Pages : 1217
Book Description
Corporate law and governance are at the forefront of regulatory activities worldwide, and subject to increasing public attention in the wake of the Global Financial Crisis. Comprehensively referencing the key debates, the Handbook provides a much-needed framework for understanding the aims and methods of legal research in the field.
Publisher: Oxford University Press
ISBN: 0198743688
Category : Business & Economics
Languages : en
Pages : 1217
Book Description
Corporate law and governance are at the forefront of regulatory activities worldwide, and subject to increasing public attention in the wake of the Global Financial Crisis. Comprehensively referencing the key debates, the Handbook provides a much-needed framework for understanding the aims and methods of legal research in the field.
Hedge Fund Activism
Author: Alon Brav
Publisher: Now Publishers Inc
ISBN: 1601983387
Category : Business & Economics
Languages : en
Pages : 76
Book Description
Hedge Fund Activism begins with a brief outline of the research literature and describes datasets on hedge fund activism.
Publisher: Now Publishers Inc
ISBN: 1601983387
Category : Business & Economics
Languages : en
Pages : 76
Book Description
Hedge Fund Activism begins with a brief outline of the research literature and describes datasets on hedge fund activism.
Corporate Governance Strengthening Latin American Corporate Governance The Role of Institutional Investors
Author: OECD
Publisher: OECD Publishing
ISBN: 9264116052
Category :
Languages : en
Pages : 78
Book Description
This report reflects long-term, in-depth discussion and debate by participants in the Latin American Roundtable on Corporate Governance.
Publisher: OECD Publishing
ISBN: 9264116052
Category :
Languages : en
Pages : 78
Book Description
This report reflects long-term, in-depth discussion and debate by participants in the Latin American Roundtable on Corporate Governance.
The Wolf at the Door
Author: John C. Coffee
Publisher:
ISBN: 9781680830767
Category : Corporate governance
Languages : en
Pages : 108
Book Description
The Wolf at the Door: The Impact of Hedge Fund Activism on Corporate Governance has three basic aims: to understand and explain the factors that have caused an explosion in hedge fund activism; to examine the impact of this activism; and to survey and evaluate possible legal interventions with an emphasis on the least restrictive alternative.
Publisher:
ISBN: 9781680830767
Category : Corporate governance
Languages : en
Pages : 108
Book Description
The Wolf at the Door: The Impact of Hedge Fund Activism on Corporate Governance has three basic aims: to understand and explain the factors that have caused an explosion in hedge fund activism; to examine the impact of this activism; and to survey and evaluate possible legal interventions with an emphasis on the least restrictive alternative.
The Power of Shareholder Activism. A Force for Change in Corporate Governance?
Author:
Publisher: GRIN Verlag
ISBN: 3963551895
Category : Business & Economics
Languages : en
Pages : 77
Book Description
Master's Thesis from the year 2024 in the subject Business economics - Investment and Finance, grade: 1.0, University of Rome "La Sapienza" (Economics), language: English, abstract: This master thesis endeavors to scrutinize the efficacy of shareholder activism as a governance mechanism. Drawing upon existing research, it seeks to unravel the intricacies of this phenomenon, spanning its definitions, historical evolution, and diverse manifestations. The thesis will delve into the challenges posed by active shareholders, including the free rider problem, agency conflicts, and the contentious realm of proxy fights. Additionally, it will conduct a comprehensive exploration of the motivations driving shareholder activism, encompassing economic incentives, moral imperatives, and the burgeoning influence of Environmental, Social, and Governance (ESG) considerations. Real-world case studies, such as the Shell vs. ClientEarth dispute, will be dissected to illuminate the practical implications of shareholder activism. Furthermore, the dynamics of investor relations, the tactics deployed by activist shareholders, and their tangible impact on corporate governance will be rigorously examined. In conclusion, this thesis endeavors to offer illuminating insights into the intricate interplay of power, responsibility, and influence within modern corporate governance. As companies navigate the evolving nexus of profit-making and social responsibility, understanding the role and impact of active shareholders assumes paramount importance. Through rigorous analysis and nuanced interpretation, this thesis aims to contribute to a deeper comprehension of the multifaceted phenomenon of shareholder activism.
Publisher: GRIN Verlag
ISBN: 3963551895
Category : Business & Economics
Languages : en
Pages : 77
Book Description
Master's Thesis from the year 2024 in the subject Business economics - Investment and Finance, grade: 1.0, University of Rome "La Sapienza" (Economics), language: English, abstract: This master thesis endeavors to scrutinize the efficacy of shareholder activism as a governance mechanism. Drawing upon existing research, it seeks to unravel the intricacies of this phenomenon, spanning its definitions, historical evolution, and diverse manifestations. The thesis will delve into the challenges posed by active shareholders, including the free rider problem, agency conflicts, and the contentious realm of proxy fights. Additionally, it will conduct a comprehensive exploration of the motivations driving shareholder activism, encompassing economic incentives, moral imperatives, and the burgeoning influence of Environmental, Social, and Governance (ESG) considerations. Real-world case studies, such as the Shell vs. ClientEarth dispute, will be dissected to illuminate the practical implications of shareholder activism. Furthermore, the dynamics of investor relations, the tactics deployed by activist shareholders, and their tangible impact on corporate governance will be rigorously examined. In conclusion, this thesis endeavors to offer illuminating insights into the intricate interplay of power, responsibility, and influence within modern corporate governance. As companies navigate the evolving nexus of profit-making and social responsibility, understanding the role and impact of active shareholders assumes paramount importance. Through rigorous analysis and nuanced interpretation, this thesis aims to contribute to a deeper comprehension of the multifaceted phenomenon of shareholder activism.
Institutional Investor Activism
Author: William W. Bratton
Publisher: Oxford University Press
ISBN: 0198723938
Category : Business & Economics
Languages : en
Pages : 817
Book Description
The past two decades has witnessed unprecedented changes in the corporate governance landscape in Europe, the US and Asia. Across many countries, activist investors have pursued engagements with management of target companies. More recently, the role of the hostile activist shareholder has been taken up by a set of hedge funds. Hedge fund activism is characterized by mergers and corporate restructuring, replacement of management and board members, proxy voting, and lobbying of management. These investors target and research companies, take large positions in their stock, criticize their business plans and governance practices, and confront their managers, demanding action enhancing shareholder value. This book analyses the impact of activists on the companies that they invest, the effects on shareholders and on activists funds themselves. Chapters examine such topic as investors' strategic approaches, the financial returns they produce, and the regulatory frameworks within which they operate. The chapters also provide historical context, both of activist investment and institutional shareholder passivity. The volume facilitates a comparison between the US and the EU, juxtaposing not only regulatory patterns but investment styles.
Publisher: Oxford University Press
ISBN: 0198723938
Category : Business & Economics
Languages : en
Pages : 817
Book Description
The past two decades has witnessed unprecedented changes in the corporate governance landscape in Europe, the US and Asia. Across many countries, activist investors have pursued engagements with management of target companies. More recently, the role of the hostile activist shareholder has been taken up by a set of hedge funds. Hedge fund activism is characterized by mergers and corporate restructuring, replacement of management and board members, proxy voting, and lobbying of management. These investors target and research companies, take large positions in their stock, criticize their business plans and governance practices, and confront their managers, demanding action enhancing shareholder value. This book analyses the impact of activists on the companies that they invest, the effects on shareholders and on activists funds themselves. Chapters examine such topic as investors' strategic approaches, the financial returns they produce, and the regulatory frameworks within which they operate. The chapters also provide historical context, both of activist investment and institutional shareholder passivity. The volume facilitates a comparison between the US and the EU, juxtaposing not only regulatory patterns but investment styles.
Hedge Fund Activism in Japan
Author: John Buchanan
Publisher: Cambridge University Press
ISBN: 1107379318
Category : Business & Economics
Languages : en
Pages : 389
Book Description
Hedge fund activism is an expression of shareholder primacy, an idea that has come to dominate discussion of corporate governance theory and practice worldwide over the past two decades. This book provides a thorough examination of public and often confrontational hedge fund activism in Japan in the period between 2001 and the full onset of the global financial crisis in 2008. In Japan this shareholder-centric conception of the company espoused by activist hedge funds clashed with the alternative Japanese conception of the company as an enduring organisation or a 'community'. By analysing this clash, the book derives a fresh view of the practices underpinning corporate governance in Japan and offers suggestions regarding the validity of the shareholder primacy ideas currently at the heart of US and UK beliefs about the purpose of the firm.
Publisher: Cambridge University Press
ISBN: 1107379318
Category : Business & Economics
Languages : en
Pages : 389
Book Description
Hedge fund activism is an expression of shareholder primacy, an idea that has come to dominate discussion of corporate governance theory and practice worldwide over the past two decades. This book provides a thorough examination of public and often confrontational hedge fund activism in Japan in the period between 2001 and the full onset of the global financial crisis in 2008. In Japan this shareholder-centric conception of the company espoused by activist hedge funds clashed with the alternative Japanese conception of the company as an enduring organisation or a 'community'. By analysing this clash, the book derives a fresh view of the practices underpinning corporate governance in Japan and offers suggestions regarding the validity of the shareholder primacy ideas currently at the heart of US and UK beliefs about the purpose of the firm.
Shareholder Activism Handbook
Author: Jay W. Eisenhofer
Publisher: Wolters Kluwer
ISBN: 0735557004
Category : Business & Economics
Languages : en
Pages : 1458
Book Description
Shareholder Activism Handbook is the single most comprehensive guide on all matters relating to enforcing shareholders' rights. As shareholder activism becomes a more integral part of investing, the law continues to respond accordingly. Legislators
Publisher: Wolters Kluwer
ISBN: 0735557004
Category : Business & Economics
Languages : en
Pages : 1458
Book Description
Shareholder Activism Handbook is the single most comprehensive guide on all matters relating to enforcing shareholders' rights. As shareholder activism becomes a more integral part of investing, the law continues to respond accordingly. Legislators
Corporate Governance After the Financial Crisis
Author: Stephen M. Bainbridge
Publisher: Oxford University Press, USA
ISBN: 0199772428
Category : Business & Economics
Languages : en
Pages : 294
Book Description
The years from 2000 to 2010 were bookended by two major economic crises. The bursting of the dotcom bubble and the extended bear market of 2000 to 2002 prompted Congress to pass the Sarbanes-Oxley Act, which was directed at core aspects of corporate governance. At the end of the decade came the bursting of the housing bubble, followed by a severe credit crunch, and the worst economic downturn in decades. In response, Congress passed the Dodd-Frank Act, which changed vast swathes of financial regulation. Among these changes were a number of significant corporate governance reforms. Corporate Governance after the Financial Crisis asks two questions about these changes. First, are they a good idea that will improve corporate governance? Second, what do they tell us about the relative merits of the federal government and the states as sources of corporate governance regulation? Traditionally, corporate law was the province of the states. Today, however, the federal government is increasingly engaged in corporate governance regulation. The changes examined in this work provide a series of case studies in which to explore the question of whether federalization will lead to better outcomes. The author analyzes these changes in the context of corporate governance, executive compensation, corporate fraud and disclosure, shareholder activism, corporate democracy, and declining US capital market competitiveness.
Publisher: Oxford University Press, USA
ISBN: 0199772428
Category : Business & Economics
Languages : en
Pages : 294
Book Description
The years from 2000 to 2010 were bookended by two major economic crises. The bursting of the dotcom bubble and the extended bear market of 2000 to 2002 prompted Congress to pass the Sarbanes-Oxley Act, which was directed at core aspects of corporate governance. At the end of the decade came the bursting of the housing bubble, followed by a severe credit crunch, and the worst economic downturn in decades. In response, Congress passed the Dodd-Frank Act, which changed vast swathes of financial regulation. Among these changes were a number of significant corporate governance reforms. Corporate Governance after the Financial Crisis asks two questions about these changes. First, are they a good idea that will improve corporate governance? Second, what do they tell us about the relative merits of the federal government and the states as sources of corporate governance regulation? Traditionally, corporate law was the province of the states. Today, however, the federal government is increasingly engaged in corporate governance regulation. The changes examined in this work provide a series of case studies in which to explore the question of whether federalization will lead to better outcomes. The author analyzes these changes in the context of corporate governance, executive compensation, corporate fraud and disclosure, shareholder activism, corporate democracy, and declining US capital market competitiveness.
Shareholder Democracy
Author: Lisa M. Fairfax
Publisher:
ISBN: 9781594609190
Category : Corporate governance
Languages : en
Pages : 0
Book Description
This book offers a succinct, practical guide for understanding what some have referred to as shareholder democracy--efforts to facilitate and increase shareholder voting power within the corporation. In the past few years there has been a surge in shareholder activism that has had a profound impact on the corporation. Shareholders and other activists have sought to increase shareholders' voting power within the corporation based largely on the belief that increasing shareholder power will increase director and officer accountability, thereby helping to curb corporate misconduct and improve corporate performance. However, there is intense debate regarding whether increased shareholder power can achieve such objectives and whether increased shareholder power will negatively impact the corporation. This book is the first to provide a concise, but comprehensive look at the various ways in which shareholders have sought to enhance their voting power and influence within the corporation. In addition to examining shareholder activism, this book highlights and analyzes the debate regarding the propriety of increased shareholder power. This book also analyzes the impact of recent developments aimed at facilitating shareholder power such as majority voting, say on pay, and proxy access. This book will serve as a useful tool not only for those who desire a straight-forward analysis of shareholder rights and activism, but also for those seeking a reference guide on an issue of growing importance to corporate law and corporate governance.
Publisher:
ISBN: 9781594609190
Category : Corporate governance
Languages : en
Pages : 0
Book Description
This book offers a succinct, practical guide for understanding what some have referred to as shareholder democracy--efforts to facilitate and increase shareholder voting power within the corporation. In the past few years there has been a surge in shareholder activism that has had a profound impact on the corporation. Shareholders and other activists have sought to increase shareholders' voting power within the corporation based largely on the belief that increasing shareholder power will increase director and officer accountability, thereby helping to curb corporate misconduct and improve corporate performance. However, there is intense debate regarding whether increased shareholder power can achieve such objectives and whether increased shareholder power will negatively impact the corporation. This book is the first to provide a concise, but comprehensive look at the various ways in which shareholders have sought to enhance their voting power and influence within the corporation. In addition to examining shareholder activism, this book highlights and analyzes the debate regarding the propriety of increased shareholder power. This book also analyzes the impact of recent developments aimed at facilitating shareholder power such as majority voting, say on pay, and proxy access. This book will serve as a useful tool not only for those who desire a straight-forward analysis of shareholder rights and activism, but also for those seeking a reference guide on an issue of growing importance to corporate law and corporate governance.