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Initiative On Quality Shareholders Highlights, Lawrence A. Cunningham
Initiative On Quality Shareholders Highlights, Lawrence A. Cunningham
GW Law Faculty Publications & Other Works
Highlights of a research initiative that formalizes the longstanding intuition that the sorts of shareholders a company attracts influences its performance. Contains lists of the best shareholders in corporate America, measured by long holding periods and high portfolio concentration, and lists of the companies that attract such shareholders in high density. Notes and explains how such shareholders and companies have been prone to outperform rivals. Explores what quality shareholders look for in companies and a dozen of the practices and policies that, evidence shows, companies can use to attract quality shareholders. Includes bibliographic references and suggestions for further research.
The Case For Empowering Quality Shareholders, Lawrence A. Cunningham
The Case For Empowering Quality Shareholders, Lawrence A. Cunningham
GW Law Faculty Publications & Other Works
Abstract Anyone can buy stock in a public company, but not all shareholders are equally committed to a company’s long-term success. In an increasingly fragmented financial world, shareholders’ attitudes toward the companies in which they invest vary widely, from time horizon to conviction. Faced with indexers, short-term traders, and activists, it is more important than ever for businesses to ensure that their shareholders are dedicated to their missions. Today’s companies need “quality shareholders,” as Warren Buffett called those who “load up and stick around,” or buy large stakes and hold for long periods. While scholars in recent years have extensively …
Cultivating Quality: Ten Tools Managers Can Use To Get Long-Term Committed Shareholders, Lawrence A. Cunningham
Cultivating Quality: Ten Tools Managers Can Use To Get Long-Term Committed Shareholders, Lawrence A. Cunningham
GW Law Faculty Publications & Other Works
Special Note: This Article is part of The Quality Shareholder Initiative at the Center for Law, Economics and Finance (C-LEAF), at The George Washington University Law School, Prof. Lawrence A. Cunningham, Faculty Director. Considerable effort goes into forging tools a corporation can use to shape its shareholder base. Much effort is geared toward promoting long investor time horizons, presumed to be a valuable but rare appetite among many shareholders. Less attention has been focused on promoting greater commitment, though attracting shareholders willing to stake large percentages of their portfolio in a given company’s stock may prove way more valuable than …