Shareholder Voice and the Market for Corporate Control

Abstract

Part I examines in greater detail the role of shareholders in public corporations. Part II critiques existing explanations for rules that limit shareholder power over business decisions. Part III presents an alternative explanation for the limitations on shareholder power to control business decisions based upon the link between shareholder voice in management, on the one hand, and the efficient operation of the market for corporate control and organized securities exchanges, on the other.

Keywords

Stockholders

Share

Authors

Peter V. Letsou (George Mason University)

Download

Issue

Publication details

Dates

Licence

All rights reserved

File Checksums (MD5)

  • pdf: 4726fbc6270d2c03f4538cba13bb17a9