Shareholder Empowerment

In this volume, leading management experts offer critical insights into the promises and illusions of shareholder empowerment, the discrepancies between theory and practice, and the challenges posed by variations in global corporate governance regimes.

Autorentext
Maria Goranova is Associate Professor of Organizations and Strategic Management at the University of Wisconsin-Milwaukee, USA. She researches corporate governance and corporate strategy, with a focus on how ownership interests, shareholder activism and executive compensation affect corporate diversification and mergers and acquisitions. She serves on the editorial board of Journal of Management and her research has been published in such journals as Strategic Management Journal, Organization Science, and Journal of Management.
Lori Verstegen Ryan is Professor of Management and Director of the Corporate Governance Institute at San Diego State University, USA. Her research interests include institutional ownership and business ethics, and her work has been published in top journals including Academy of Management Review, Organization Science, Journal of Management, and Business Ethics Quarterly. She has served on several journal editorial boards including Academy of Management Review.

Inhalt

1. Shareholder Empowerment: An Introduction
   Maria Goranova and Lori Verstegen Ryan

   Part I. Shareholder Empowerment: Promises and Illusions

2. Combining Financial and Psychological Insights for a New Typology of Ownership
   Katarina Sikavica and Amy Hillman

3. Is Shareholder Empowerment a 'Good Thing'?
   Kevin Morell and Loizos Heracleous

4. Shareholder Democracy as a Misbegotten Metaphor
   Ann Buchholtz and Jill Brown

5. Agents without Principals Revisited
   Thomas Jones and Adrian Keevil

6. Boards and Shareholders: Bridging the Divide
   Jenna Burke and Cynthia Clark

7. The Twilight of Berle and Means Corporation
   Gerald Davis

   Part II. Shareholder Diversity and Global Empowerment

8. Managerialism vs. Shareholderism: An Examination of Hedge Fund Activism
   Marguerite Schneider

9. Religious Organizations as Shareholders: Characteristics, Tendencies and Implications Jennifer Goodman

10. Angel Investors: Firms' Early Empowered Shareholders
    John P. Berns and Karen A. Schnatterly

11. Privatization and Principal-Principal Conflicts in Transition Economies
    Canan C. Mutlu, Mike W. Peng, and Marc van Essen

12. Institutional Change and Ownership Patterns in Italy
    Alessandro Zattoni and Francesca Cuomo

13. Local Repairs in Light of Global Ideals: Ownership Structure and the Worldwide Diversity of Corporate Governance Codes
    Jordan Otten and Marc van Essen