Jennifer E. Bethel

TL;DR: In this paper, the authors investigated the relationship between ownership structure and corporate restructuring in a sample of 93 surviving public Fortune 500 firms during the period 1981-87 and found that blockholder ownership is associated significantly with corporate restructuring, suggesting that many managers restructured their corporations only when pressured to do so by large shareholders.

TL;DR: In this paper, the authors investigate the causes and consequences of activist block share purchases in the 1980s and find that activist investors were most likely to purchase large blocks of shares in highly diversified firms with poor profitability.

TL;DR: In this article, the authors investigate the causes and consequences of activist block share purchases in the 1980s and find that investors were most likely to purchase large blocks of shares in highly diversified firms with poor profitability.

TL;DR: In this article, the co-location of shares' voting and cash flow rights is examined in the context of institutional and regulatory environment governing shareholders' voting, and it is shown that certain features of the institutional environment governing shareholder voting can affect the co location of shares voting.

TL;DR: In this paper, the co-location of shares' voting and cash-flow rights is examined in the context of the institutional and regulatory environment governing shareholders' voting, and voting results are related to ownership structure, the use of proxy solicitors, and other firm characteristics, and negative recommendations from the leading shareholder voting advisory service are associated with fewer votes cast favorable to management.