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2
Published in 2020 at "Review of Financial Studies"
DOI: 10.1093/rfs/hhaa052
Abstract: Do informed shareholders who can influence corporate decisions improve governance? We demonstrate this may not be generally true in a model of takeovers. The model suggests that a shareholder’s ability to collect information and trade…
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Keywords:
value;
weak governance;
active shareholders;
governance informed ... See more keywords