Abstract
“Why and How Do Different Shareholders Engage in Corporate Governance?” examines the extent to which different types of shareholders participate in governance and the frictions that shape their involvement.
“What Happens When Owners Choose the Board? Evidence from Shareholder- Dominated Nomination Committees” examines the causal impact of shareholder involvement in director selection on board outcomes by exploiting institutional shocks associated with the adoption of shareholder-dominated nomination committees in Sweden.
“Insider Trading Regulation, Blockholder Exit, and Governance Roles” explores how liquidity-related frictions shape shareholders’ participation in corporate governance. The analysis exploits the 2016 implementation of the Market Abuse Regulation (MAR) as a quasi-natural experiment that increased disclosure requirements and tightened restrictions on insider trading.