Shareholder Proposals in the New Millennium: Shareholder Support, Board Response, and Market Reaction

By Randall S. Thomas, J. Cotter. 2007

230 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/27b8d2ac1c4ee0c8b606cb948bd7ae33c8997307

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Citations in the corpus

Institutional investors, shareholder activism, and earnings management (2011, background): “…proposals by united shareholder association Insignificant market reaction, but positive for negotiated settlements with targeted firms Thomas and Cotter (2007) Shareholder proposals Small and insignificant stock market reaction Wahal (1996) Shareholder proposals by public pension…”
The role of shareholder proposals in corporate governance (2011, background): “(Insert Table 2 about here) Panel A confirms the finding of Thomas and Cotter (2007) and Ertimur et al. (2010) that passed proposals are now very likely to be implemented.”
Nonbinding Voting for Shareholder Proposals (2011, unknown): “Ertimur, Ferri, and Stubben (2010) and Thomas and Cotter (2007) document a positive relation between the percentage of votes in favor of the proposal and the likelihood of its implementation for a broad sample of shareholder proposals.”
Shareholder Activism and CEO Pay (2011, background): “Generally, most studies have found little market reaction around potential dates of interest (e.g., proxy mailing date, annual meeting; Karpoff et al. 1996; Thomas and Cotter 2007).”
Shareholder Activism through Proxy Proposals: The European Perspective (2010, unknown): “Ertimur, Ferri, and Stubben (2008) show that targets ignoring passed proposals are penalized by drawing negative press and downgrades by governance rating firms, and their their directors are less likely to be reelected and more likely to lose other directorships 1 .”
Shareholders’ Say on Pay: Does It Create Value? (2010, unknown): “Research documenting the impact of shareholder proposals includes the activism literature previously cited as well as work by Thomas and Martin (1999) and Thomas and Cotter (2007). The trend towards adoption of shareholder proposals, however, is increasing. Ertimur, Ferri, and Stubben (2007) note th”
The Impact of Shareholder Activism on Financial Reporting and Compensation: The Case of Employee Stock Options Expensing (2009, result): “In particular, our findings complement recent evidence that suggests greater influence of shareholder proposals and votes on corporate decisions in the post-SOX environment (e.g., Del Guercio et al. 2008; Ertimur et al. 2008a; Guo et al. 2008; Thomas and Cotter 2007).”