Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Corporate governance (2)
- Securities (2)
- Agency cost (1)
- Asset mobility (1)
- Bankruptcy (1)
-
- Chrysler bailout (1)
- Corporate reorganization (1)
- Corporations (1)
- Delayed case commencement (1)
- Economic failure (1)
- Economic growth (1)
- Empirical research (1)
- Employment (1)
- Financial failure (1)
- Financial markets (1)
- ISS (1)
- Incentive distortion (1)
- Institutional Shareholder Services (1)
- Law and economics (1)
- Management (1)
- Mutual fund families (1)
- Mutual funds (1)
- Proxy advisor recommendations (1)
- Purpose of bankruptcy (1)
- Risk taking (1)
- Shareholder empowerment (1)
- Shareholder value (1)
- Shareholder voting (1)
- Use of assets. saving jobs (1)
- Voting patterns (1)
Articles 1 - 3 of 3
Full-Text Articles in Business
Bankruptcy And Economic Recovery, Thomas H. Jackson, David A. Skeel Jr.
Bankruptcy And Economic Recovery, Thomas H. Jackson, David A. Skeel Jr.
All Faculty Scholarship
To measure economic growth or recovery, one traditionally looks to metrics such as the unemployment rate and the growth in GDP. And in terms of figuring out institutional policies that will stimulate economic growth, the focus most often is on policies that encourage investment, entrepreneurial enterprises, and reward risk-taking with appropriate returns. Bankruptcy academics that we are, we tend to add our own area of expertise to this stable— with the firm belief that thinking critically about bankruptcy policy is an important element of any set of institutions designed to speed economic recovery. In this paper, written for a book …
Shareholders And Social Welfare, William W. Bratton, Michael L. Wachter
Shareholders And Social Welfare, William W. Bratton, Michael L. Wachter
All Faculty Scholarship
This article addresses the question whether (and how) the shareholders matter for social welfare. Answers to the question have changed over time. Observers in the mid-twentieth century believed that the socio-economic characteristics of real world shareholders were highly pertinent to social welfare inquiries. But they went on to conclude that there followed no justification for catering to shareholder interest, for shareholders occupied elite social strata. The answer changed during the twentieth century’s closing decades, when observers came to accord the shareholder interest a key structural role in the enhancement of economic efficiency even as they also deemed irrelevant the characteristics …
Who Calls The Shots?: How Mutual Funds Vote On Director Elections, Stephen J. Choi, Jill E. Fisch, Marcel Kahan
Who Calls The Shots?: How Mutual Funds Vote On Director Elections, Stephen J. Choi, Jill E. Fisch, Marcel Kahan
All Faculty Scholarship
Shareholder voting has become an increasingly important focus of corporate governance, and mutual funds control a substantial percentage of shareholder voting power. The manner in which mutual funds exercise that power, however, is poorly understood. In particular, because neither mutual funds nor their advisors are beneficial owners of their portfolio holdings, there is concern that mutual fund voting may be uninformed or tainted by conflicts of interest. These concerns, if true, hamper the potential effectiveness of regulatory reforms such as proxy access and say on pay. This article analyzes mutual fund voting decisions in uncontested director elections. We find that …