Proxy Contests: Are They Close Encounters of the Worst Kind?

Managerial Finance - Tập 18 Số 7/8 - Trang 19-33 - 1992
Gail E.Farrelly1
1Associate Professor of Accounting, Rutgers University, 254 Bradley Hall, Newark, NJ 07102

Tóm tắt

This essay considers some of the negative effects of proxy contests and emphasizes that the proxy contest should be the choice of last resort. When costs are weighed against benefits, it would seem that there are better and cheaper ways for owners and managers to communicate and settle their differences. Recent research on this topic is considered and suggestions for research to judge the long‐term effects of proxy contests are offered. The essay concludes with some thoughts on how newly emerging corporate governance schemes may eventually obviate the need for proxy contests.

Từ khóa


Tài liệu tham khảo

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Managerial Finance

Tập 18 Số 7/8

19-33

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