Revision: Ownership and Control
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Is the new breed of shareholder activist an important voice and counter-balance to the power of entrenched management - willing to stand up to poor ethical behaviour and highlight ineffective management? Can they help to overcome the principle-agent problem? Or are they merely aggressive corporate raiders seeking short-term corporate change merely for their own personal gain? This revision note is aimed at A2 economists and covers the topic of the divorce between ownership and control.
Revision note:
Ownership_Control_Activist_Shareholders.pdf
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