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Does Shareholder Proxy Access Improve Firm Value? Evidence from the Business Roundtable Challenge

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NBER2012-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17797
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We use the Business Roundtable's challenge to the SEC's 2010 proxy access rule as a natural experiment to measure the value of shareholder proxy access. We find that firms that would have been most vulnerable to proxy access, as measured by institutional ownership and activist institutional
提供机构:
美国国家经济研究局
创建时间:
2012-02-01
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