Voting Power and Shareholder Activism

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    The article discusses the development of a voting power theory that is applied to a unique data set on Swedish shareholder meetings. The authors hypothesize that there is a positive relationship between shareholder activism and the largest shareholder's sensitivity to greater participation by small shareholders. It is shown that firms' amenability to small shareholder influence results in more proposals by nomination committees that are dominated by large shareholders, but fewer proposals by other shareholders. The importance of local institutions are highlighted and a call for more research regarding shareholder activism in alternative institutional settings is mad
    Original languageEnglish
    Title of host publicationProceedings of the Seventieth Annual Meeting of the Academy of Management : Dare to Care: Passion and Compassion in Management Practice and Research
    Number of pages6
    Place of PublicationBriar Cliff Manor, NY
    PublisherAcademy of Management
    Publication date2010
    Article number54500670
    Publication statusPublished - 2010
    EventThe Academy of Management Annual Meeting 2010: Dare to Care: Passion and Compassion in Management Practice and Research - Montreal, Canada
    Duration: 6 Aug 201010 Aug 2010
    Conference number: 70


    ConferenceThe Academy of Management Annual Meeting 2010
    Internet address
    SeriesAcademy of Management Proceedings

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