Do Boards Pay Attention When Institutional Investor Activists 'Just Vote No'?

@article{Guercio2008DoBP,
  title={Do Boards Pay Attention When Institutional Investor Activists 'Just Vote No'?},
  author={Diane Del Guercio and L. Seery and Tracie Woidtke},
  journal={Journal of Financial Economics},
  year={2008},
  volume={90},
  pages={84-103}
}
  • Diane Del Guercio, L. Seery, Tracie Woidtke
  • Published 2008
  • Economics
  • Journal of Financial Economics
  • We examine "just vote no" campaigns, a recent innovation in low-cost shareholder activist tools whereby activists encourage their fellow shareholders to withhold votes toward a director's election to express dissatisfaction with management performance or the firm's corporate governance structure. Grundfest [1993. Just vote no: a minimalist strategy for dealing with barbarians inside the gates. Stanford Law Review 45, 857-937] argues that a substantial withheld vote motivates directors to take… CONTINUE READING
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