Shareholder empowerment: three institutional innovations to awaken the sleeping giant
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
Baden-Baden
Nomos
2010
|
| Ausgabe: | 1. Aufl. |
| Schriftenreihe: | Neue Studien zur politischen Ökonomie
8 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | 158 S. graph. Darst. |
| ISBN: | 9783832958510 |
Internformat
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Datensatz im Suchindex
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|---|---|
| adam_text | 4.3 POSSIBLE CAVEATS 70 TABLE OF CONTENTS ABBREVIATIONS 10 INTRODUCTION
11 CHAPTER I: THE CASE FOR CONTESTED DIRECTOR ELECTIONS 1 INTRODUCTION
18 2 AGENCY PROBLEMS AND PROPOSED SOLUTIONS 19 2.1 AGENCY PROBLEMS IN
FIRMS AND CORPORATE GOVERNANCE 19 2.2 AGENCY PROBLEMS IN DEMOCRACIES AND
PUBLIC GOVERNANCE 22 3. THE PROPOSAL: CONTESTED DIRECTOR ELECTIONS 24
3.1 CONTESTED DIRECTOR ELECTIONS 24 3.2 THE CURRENT PRACTICE OF ELECTING
DIRECTORS 26 3.3 CORPORATE GOVERNANCE REFORM 30 4 IN DEFENSE OF
CONTESTED DIRECTOR ELECTIONS 32 4.1 THE SHORTCOMINGS OF TRADITIONAL
SOLUTIONS 33 4.2 PUBLIC CHOICE PROBLEMS 39 4.3 INTERMEDIARIES AND AGENCY
CHAINS 46 5 CONCLUSIONS 49 CHAPTER II: FREE CHOICE OF PENSION FUNDS AND
SHAREHOLDER VOICE 1 INTRODUCTION 52 2 CORPORATE GOVERNANCE AND
SHAREHOLDER BEHAVIOR 53 2.1 THE AGENCY PROBLEM AND CORPORATE GOVERNANCE
53 2.2 THREE INVESTMENT STRATEGIES 56 3 THE ROLE OF INSTITUTIONAL
INVESTORS 60 3.1 THE RISE OF INSTITUTIONAL OWNERSHIP 60 3.2
INSTITUTIONAL ACTIVISM IN THEORY 62 3.3 INSTITUTIONAL ACTIVISM IN
PRACTICE 63 3.4 A CRITIQUE OF INSTITUTIONAL ACTIVISM 65 4 FREE CHOICE OF
PENSION FUNDS 66 4.1 TRADITIONAL ARGUMENTS 66 4.2 THE FREE CHOICE
HYPOTHESIS 68 BIBLIOGRAFISCHE INFORMATIONEN HTTP://D-NB.INFO/1004796234
DIGITALISIERT DURCH ANNEX C: EXPRESSIVE VOTING 156 5 UNIVERSAL OWNERSHIP
AND FREE CHOICE OF PENSION FUNDS 77 5.1 THE UNIVERSAL OWNERSHIP
HYPOTHESIS 77 5.2 A CRITIQUE OF THE UNIVERSAL OWNERSHIP HYPOTHESIS 79
5.3 THE INTERRELATIONSHIP BETWEEN UNIVERSAL OWNERSHIP AND FREE CHOICE OF
PENSION FUNDS 80 6 CONCLUSIONS 83 CHAPTER III: CORPORATE VOTE BUYING:
THE NEW SEPARATION OF OWNERSHIP AND CONTROL 1 INTRODUCTION 85 2
LITERATURE REVIEW AND REGULATORY RESPONSES 87 2.1 ONE SHARE - ONE VOTE
87 2.2 VOTE BUYING AS A BLESSING 89 2.3 VOTE BUYING AS A CURSE 92 2.4
REGULATORY RESPONSES 94 3 CRITIQUE 95 3.1 RECIPROCAL AND NON-RECIPROCAL
VOTE BUYING 95 3.2 THE PRISONER S DILEMMA IN THE CASE OF RECIPROCAL VOTE
BUYING 97 3.3 THE PRISONER S DILEMMA IN THE CASE OF NON-RECIPROCAL VOTE
BUYING 99 3.4 POSSIBLE WAYS OUT OF THE PRISONER S DILEMMA 101 3.5 THE
ROLE OF THE PROFIT SOURCE 102 4 EXTENSIONS 107 4.1 INDEXATION 107 4.2
EXPRESSIVE VOTING 109 4.3 THE MOTIVATION CROWDING EFFECT 113 4.4
ENDOGENOUS INCENTIVE EFFECTS 116 5 CONCLUSIONS 118 OVERALL SUMMARY AND
CONCLUSIONS 120 REFERENCES 133 ANNEX A: PROXY VOTING 143 ANNEX B:
SECURITIES LENDING 154 FIGURE 18: EXPRESSIVE VOTING IN THE CASE OF ONE
SHARE - ONE VOTE 157 LIST OF FIGURES INTRODUCTION: FIGURE 1 : THREE WAYS
TO DELEGATE MONITORING AND VOTING POWER 12 CHAPTER I: FIGURE 2:
CORPORATE GOVERNANCE MECHANISMS 21 FIGURE 3: ANALOGOUS GOVERNANCE
STRUCTURES IN DEMOCRACIES AND CORPORATIONS 23 FIGURE 4: FACE VALUE AND
MARKET VALUE OF SHARES REQUIRED TO PUT ITEMS ON THE AGENDA 28 FIGURE 5:
DIRECTOR ELECTIONS IN SMI COMPANIES 2003-2008 29 FIGURE 6: THE FAILURE
OF EXIT 34 FIGURE 7: THE MARKETS FOR POLITICIANS AND DIRECTORS 39
CHAPTER II: FIGURE 8: FREE CHOICE OF PENSION FUNDS AS A COMPROMISE 70
CHAPTER III: FIGURE 9: RECIPROCAL VOTE BUYING (LEPO-AGAINST-UNDERLYING
TRANSACTION) 96 FIGURE 10: NON-RECIPROCAL VOTE BUYING (STOCK-MINUS-LEPO
TRANSACTION) 97 FIGURE 11 : A SIMPLE GAME-THEORETIC MODEL 98 FIGURE 12:
A SIMPLE GAME-THEORETIC MODEL (FORMAL) 98 FIGURE 13: THE PRISONER S
DILEMMA 99 FIGURE 14: EXPRESSIVE VOTING 112 FIGURE 15: EXPRESSIVE VOTING
(FORMAL) 112 OVERALL SUMMARY AND CONCLUSIONS: FIGURELO: EMPOWERMENT
THROUGH DELEGATION 124 ANNEX C: FIGURE 17: EXPRESSIVE VOTING WITH TWO
TYPES OF EXPRESSIVE RETURNS 156
|
| any_adam_object | 1 |
| author | Zurkinden, Michael 1978- |
| author_GND | (DE-588)142131318 |
| author_facet | Zurkinden, Michael 1978- |
| author_role | aut |
| author_sort | Zurkinden, Michael 1978- |
| author_variant | m z mz |
| building | Verbundindex |
| bvnumber | BV039567503 |
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| dewey-full | 338.74 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.74 |
| dewey-search | 338.74 |
| dewey-sort | 3338.74 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1. Aufl. |
| format | Thesis Book |
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| id | DE-604.BV039567503 |
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| isbn | 9783832958510 |
| language | English |
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| series | Neue Studien zur politischen Ökonomie |
| series2 | Neue Studien zur politischen Ökonomie |
| spelling | Zurkinden, Michael 1978- Verfasser (DE-588)142131318 aut Shareholder empowerment three institutional innovations to awaken the sleeping giant Michael Zurkinden 1. Aufl. Baden-Baden Nomos 2010 158 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Neue Studien zur politischen Ökonomie 8 Zugl.: Fribourg, Univ., Diss., 2010 Stimmrechtsvertretung (DE-588)4183346-6 gnd rswk-swf Unternehmen (DE-588)4061963-1 gnd rswk-swf Anteilseigner (DE-588)4211515-2 gnd rswk-swf Corporate Governance (DE-588)4419850-4 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content (DE-588)4113937-9 Hochschulschrift gnd-content Unternehmen (DE-588)4061963-1 s Anteilseigner (DE-588)4211515-2 s Stimmrechtsvertretung (DE-588)4183346-6 s Corporate Governance (DE-588)4419850-4 s DE-604 Neue Studien zur politischen Ökonomie 8 (DE-604)BV035421058 8 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024419066&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Zurkinden, Michael 1978- Shareholder empowerment three institutional innovations to awaken the sleeping giant Neue Studien zur politischen Ökonomie Stimmrechtsvertretung (DE-588)4183346-6 gnd Unternehmen (DE-588)4061963-1 gnd Anteilseigner (DE-588)4211515-2 gnd Corporate Governance (DE-588)4419850-4 gnd |
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| title | Shareholder empowerment three institutional innovations to awaken the sleeping giant |
| title_auth | Shareholder empowerment three institutional innovations to awaken the sleeping giant |
| title_exact_search | Shareholder empowerment three institutional innovations to awaken the sleeping giant |
| title_full | Shareholder empowerment three institutional innovations to awaken the sleeping giant Michael Zurkinden |
| title_fullStr | Shareholder empowerment three institutional innovations to awaken the sleeping giant Michael Zurkinden |
| title_full_unstemmed | Shareholder empowerment three institutional innovations to awaken the sleeping giant Michael Zurkinden |
| title_short | Shareholder empowerment |
| title_sort | shareholder empowerment three institutional innovations to awaken the sleeping giant |
| title_sub | three institutional innovations to awaken the sleeping giant |
| topic | Stimmrechtsvertretung (DE-588)4183346-6 gnd Unternehmen (DE-588)4061963-1 gnd Anteilseigner (DE-588)4211515-2 gnd Corporate Governance (DE-588)4419850-4 gnd |
| topic_facet | Stimmrechtsvertretung Unternehmen Anteilseigner Corporate Governance Aufsatzsammlung Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024419066&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV035421058 |
| work_keys_str_mv | AT zurkindenmichael shareholderempowermentthreeinstitutionalinnovationstoawakenthesleepinggiant |