Shareholder Empowerment

1. Front Matter

   Pages i-xii

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2. Shareholder Empowerment: An Introduction

   1. Shareholder Empowerment: An Introduction

      • Maria Goranova, Lori Verstegen Ryan

      Pages 1-32

3. Shareholder Empowerment: Promises and Illusions

   1. Front Matter

      Pages 33-33

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   2. Combining Financial and Psychological Insights for a New Typology of Ownership

      • Katarina Sikavica, Amy J. Hillman

      Pages 35-61

   3. Is Shareholder Empowerment a “Good Thing”?

      • Kevin Morrell, Loizos Heracleous

      Pages 63-79

   4. Shareholder Democracy as a Misbegotten Metaphor

      • Ann K. Buchholtz, Jill A. Brown

      Pages 81-102

   5. “Agents without Principals” Revisited: Theorizing the Effects of Increased Shareholder Participation in Corporate Governance

      • Thomas M. Jones, Adrian A. C. Keevil

      Pages 103-135

   6. Boards and Shareholders: Bridging the Divide

      • Jenna Burke, Cynthia Clark

      Pages 137-154

   7. The Twilight of the Berle and Means Corporation

      • Gerald Davis

      Pages 155-168

4. Shareholder Diversity and Global Empowerment

   1. Front Matter

      Pages 169-169

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   2. Managerialism versus Shareholderism: An Examination of Hedge Fund Activism

      • Marguerite Schneider

      Pages 171-199

   3. Religious Organizations as Shareholders: Salience and Empowerment

      • Jennifer Goodman

      Pages 201-222

   4. Angel Investors: Early Firm Owners

      • John Berns, Karen Schnatterly

      Pages 223-238

   5. Privatization and Principal-Principal Conflicts in Transition Economies

      • Canan Mutlu, Mike Peng, Marc van Essen

      Pages 239-265

   6. Institutional Change and Ownership Patterns in Italy

      • Alessandro Zattoni, Francesca Cuomo

      Pages 267-296

   7. Local Repairs in Light of Global Ideals: Corporate Governance Reforms and Firm Ownership around the World

      • Jordan Otten, Marc van Essen

      Pages 297-321

5. Back Matter

   Pages 323-335

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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.

• Shareholder empowerment
• corporate governance
• shareholder activism
• investor activism
• shareholder intervention
• ownership
• shareholder democracy
• majority shareholders
• minority shareholders
• hedge funds
• private equity
• conflicts
• Governance
• management
• Manager
• minority
• organization
• Private Equity
• investments and securities

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. 

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