J
John Pound
Researcher at Harvard University
Publications - 10
Citations - 2312
John Pound is an academic researcher from Harvard University. The author has contributed to research in topics: Shareholder & Corporate governance. The author has an hindex of 7, co-authored 10 publications receiving 2205 citations.
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Journal ArticleDOI
Proxy contests and the efficiency of shareholder oversight
TL;DR: In this article, three problems may discourage the use of proxy contests to challenge management and transfer corporate control: inefficiency in the system of proxy vote solicitation can give management a vote-getting advantage, institutional investors may vote with management against their own fiduciary interests, and some dissident proxy challenges may be "crank" bids with no prospect for increasing share values.
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Survey evidence on diffusion of interest and information among investors
Robert J. Shiller,John Pound +1 more
TL;DR: The authors found that direct interpersonal communications are very important in investor decisions and that a large fraction of investors were unsystematic and allowed themselves to be influenced by word-of-mouth communications or other salient stimuli.
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Information, Ownership Structure, and Shareholder Voting: Evidence from Shareholder-Sponsored Corporate Governance Proposals
Lilli A. Gordon,John Pound +1 more
TL;DR: In this article, the authors examine how information and ownership structure affect voting outcomes on shareholder-sponsored proposals to change corporate governance structure and find that outcomes vary significantly as a function of ownership by insiders, institutions, outside blockholders, ESOPs, and outside directors who are blockholders.
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ESOPs and corporate control
Lilli A. Gordon,John Pound +1 more
TL;DR: In this article, the authors examined the effects of employee stock ownership plans (ESOPs) on shareholder wealth and found that ESOPs established in the presence of takeover activity reduce share values, by approximately 4% on average.