The Foundations and Anatomy of Shareholder Activism
eBook - PDF

The Foundations and Anatomy of Shareholder Activism

  1. 204 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

The Foundations and Anatomy of Shareholder Activism

About this book

The Foundations and Anatomy of Shareholder Activism examines the landscape of contemporary shareholder activism in the UK. The book focuses on minority shareholder activism in publicly listed companies. It argues that contemporary shareholder activism in the UK is dominated by two groups; one, the institutional shareholders whose shareholder activism is largely seen as a driving force for good corporate governance, and two, the hedge funds whose shareholder activism is based on value extraction and exit. The book provides a detailed examination of both types of shareholder activism, and discusses critically the nature of, motivations for and consequences following both types of shareholder activism. The book then locates both types of shareholder activism in the theory of the company and the fabric of company law, and argues that institutional shareholder activism based on exercising a voice at general meetings is well supported in theory and law. The call for institutions to engage in more informal forms of activism in the name of 'stewardship' may bring about challenges to the current patterns of activism that institutions engage in. The book argues, however, that a more cautious view of hedge fund activism and the pattern of value extraction and exit should be taken. More empirical evidence is likely to be necessary, however, to weigh up the long terms benefits and costs of hedge fund activism.

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Yes, you can access The Foundations and Anatomy of Shareholder Activism by Iris H-Y Chiu in PDF and/or ePUB format, as well as other popular books in Law & Corporate Law. We have over one million books available in our catalogue for you to explore.

Information

Year
2010
Print ISBN
9781841136585
eBook ISBN
9781847316042
Edition
1
Topic
Law
Index
Law

Table of contents

  1. Cover
  2. Prelims
  3. Table of Contents
  4. 1 Introduction to Shareholder Activism in the UK
  5. 2 Shareholder Activism Unveiled: Institutional Shareholder Activism in the UK
  6. 3 Shareholder Activism Unveiled: Offensive Shareholder Activism in the UK
  7. 4 Theoretical Foundations and Critical Perspectives
  8. 5 The Role of Law in Shareholder Activism
  9. 6 Conclusion
  10. Bibliography of Books and Chapters in Books
  11. Bibliography of Articles in Journals
  12. Index