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• W2063313351 abstract "Theory suggests that shareholders who own blocks of stock have a stronger incentive to invest in voting on corporate issues than nonblockholders. Our evidence indicates that institutional investors and other blockholders vote more actively on antitakeover amendments than nonblockholders, and opposition by institutions is greater when the proposal appears to harm shareholders. Our evidence suggests that institutions that are less subject to management influence, such as mutual funds, foundations, and public-employee pension funds, are more likely to oppose management than banks, insurance companies, and trusts, which frequently derive benefits from lines of business under management control." @default.
• W2063313351 created "2016-06-24" @default.
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• W2063313351 creator A5032581121 @default.
• W2063313351 creator A5069650923 @default.
• W2063313351 date "1988-01-01" @default.
• W2063313351 modified "2023-10-12" @default.
• W2063313351 title "Ownership structure and voting on antitakeover amendments" @default.
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• W2063313351 doi "https://doi.org/10.1016/0304-405x(88)90047-5" @default.
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