The impact of the institutional and regulatory environment on shareholder voting

Financial Management

Volumn 31, Issue 4, 2002, Pages 29-54

  Bethel, Jennifer E ^a   Gillan, Stuart L ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0036946393     PISSN: 00463892     EISSN: None     Source Type: Journal    
DOI: 10.2307/3666173     Document Type: Review

References (41)

1. Bacon, C.J., M.M. Cornet, and W.N. Davidson, 1997, "The Board of Directors and Dual Class Recapitalizations," Financial Management 26, 5-22.
2. Barclay, M.J. and C.G. Holderness, 1991, "Negotiated Block Trades and Corporate Control," Journal of Finance 46, 861-878.
3. Bebchuk, L., R. Kraakman, and G. Triantis, 2000, "Stock Pyramids, Cross-Ownership, and Dual-Class Equity: The Mechanisms and Agency Costs of Separating Control from Cash-Flow Rights," in R.K. Morck, Ed., Concentrated Corporate Ownership, Chicago, IL, University of Chicago Press, 295-315.
4. Berle, A.A. and G.C. Means, 1932, The Modern Corporation and Private Property, New York, NY, Macmillan.
5. Bethel, J., J. Liebeskind, and T. Opler, 1998, "Block Share Purchases and Corporate Performance," Journal of Finance 53, 605-634.
6. Bhagat, S. and R.H. Jefferis, 1991, "Voting Power in the Proxy Process: The Case of Anti-Takeover Charter Amendments," Journal of Financial Economics 30, 193-225.
7. Brickley, J.A., R.C. Lease, and C.W. Smith, Jr., 1994, "Corporate Voting: Evidence from Charter Amendment Proposals," Journal of Corporate Finance 1, 5-31.
8. Campbell, C.J., S.L. Gillan, and C.M. Niden, 1999, "Current Perspectives on Shareholder Proposals: Lessons from the 1997 Proxy Season," Financial Management 28, 89-98.
9. Carleton, W.T., J.M. Nelson, and M.S. Weisbach, 1998, "The Influence of Institutions on Corporate Governance through Private Negotiations: Evidence from TIAA-CREF," Journal of Finance 53, 1335-1362.
10. Dann, L.Y. and H. DeAngelo, 1988, "Corporate Financial Policy and Corporate Control: A Study of Defensive Adjustments in Asset and Ownership Structure," Journal of Financial Economics 20, 87-127.
11. Del Guercio, D., 1996, "The Distorting Effect of the Prudent-man Laws on Institutional Equity Investments," Journal of Financial Economics 40, 31-62.
12. Dixon, C. and R.S. Thomas, 1998, Aranow & Einhorn on Proxy Contests for Corporate Control, 3rd ed., New York, NY, Aspen Law & Business.
13. Easterbrook, F.H. and D.R. Fischel, 1983, "Voting in Corporate Law," Journal of Law and Economics 26, 395-427.
14. Easterbrook, F.H. and D.R. Fischel, 1991, The Economic Structure of Corporate Law, Cambridge, MA, Harvard University Press.
15. Gillan, S.L. and L.T. Starks, 1998, "A Survey of Shareholder Activism: Motivation and Empirical Evidence," Contemporary Finance Digest 2, 10-34.
16. Gillan, S.L. and L.T. Starks, 2000, "Corporate Governance Proposals and Shareholder Activism: The Role of Institutional Investors," Journal of Financial Economics 57, 275-305.
17. Hambly, D., 2000, Management Proposals on Executive Compensation Plans, Washington D.C., IRRC.
18. Holderness, C.G. and D.P. Sheehan, 1985, "Raiders or Saviors? The Evidence on Six Controversial Investors," Journal of Financial Economics 14, 555-579.
19. Horner, M., 1988, "The Value of Corporate Voting Right," Journal of Banking and Finance 12, 69-83.
20. Jarrell, G.A. and A.B. Poulsen, 1988, "Dual-Class Recapitalizations as Anti-takeover mechanisms: The Recent Evidence," Journal of Financial Economics 20, 129-152.
21. Lease, R., J. McConnell, and W. Mikkelson, 1983, "The Market Value of Control in Publicly-Traded Corporations," Journal of Financial Economics 11, 439-471.
22. Karpoff, J.M., P.H. Malatesta, and R.A. Walkling, 1996, "Corporate Governance and Shareholder Initiatives: Empirical Evidence," Journal of Financial Economics 42, 365-395.
23. Kunz, R.M. and J.J. Angel, 1996, "Factors Affecting the Value of the Voting Right: Evidence from the Swiss Equity Markets," Financial Management 25, 7-20.
24. Megginson, W., 1990, "Restricted Voting Stock, Acquisition Premiums, and the Market Value of Corporate Control," Financial Review 25, 175-198.
25. Mikkelson, W. and R. Ruback, 1985, "An Empirical Analysis of the Interfirm Equity Investment Process," Journal of Financial Economics 14, 523-553.
26. Monaco, A., 2000, Potential Dilution from Stock Plans at S&P Super 1,500 Companies in 1998, Washington D.C., IRRC.
27. Moore, M. and S.R. Tobey, 1997, Potential Dilution from Stock Plans at S&P 500 Companies in 1996, Washington D.C., IRRC.
28. Morgan, A.G. and A.B. Poulsen, 2001, "Linking Pay to Performance - Compensation Proposals in the S&P 500," Journal of Financial Economics 62, 489-523.
29. Newbury, R., 1998, Potential Dilution from Stock Plans at S&P Super 1,500 Companies in 1997, Washington D.C., IRRC.
30. Newbury, R., 1999, Potential Dilution from Stock Plans at S&P Super 1,500 Companies in 1998, Washington D.C., IRRC.
31. Opler, T. and J. Sokobin, 1999, "Does Coordinated Institutional Shareholder Activism Work? An Analysis of the Council of Institutional Investors," Ohio State University Working Paper.
32. Partch, M., 1987, "The Creation of a Class of Limited Voting Common Stock and Shareholders' Wealth," Journal of Financial Economics 18, 313-339.
33. Pound, J., 1989, "Shareholder Activism and Share Values: The Causes and Consequences of Countersolicitations against Management Anti-takeover proposals," Journal of Law and Economics 32, 357-379.
34. Pound, J., 1991, "Proxy Voting and the SEC: Investor Protection versus Market Efficiency," Journal of Financial Economics 29, 241-285.
35. Schneider, C., 1998, "Broker Non-votes and Abstentions - An Analysis of Legal Issues," The Corporate Counsel XXIII, 1-19.
36. Shleifer, A. and R. Vishny, 1986, "Large Shareholders and Corporate Control," Journal of Political Economy 94, 461-488.
37. Thomas, R.S. and K.J. Martin, 2000, "The Determinants of Shareholder Voting on Stock-Option Plans," Wake Forest Law Review 35, 31-82.
38. Wagner, R.H. and L.V. Kersten, 1998, "Rough Seas: Obtaining Approval of Stock-Based Compensation Plans," Corporate Governance Advisor 7, 22-26.
39. Young, P.J., J.A. Millar, and G.W. Glezen, 1993, "Trading Volume, Management Solicitation, and Shareholder Voting," Journal of Financial Economics 33, 57-71.
40. Zingales, L., 1994, "The Value of the Voting Right: A Study of the Milan Stock Exchange Experience," Review of Financial Studies 7, 125-148.
41. Zingales, L., 1995, "What Determines the Value of Corporate Votes?" Quarterly Journal of Economics 1047-1073.