You have no items in your shopping cart.

Understanding Institutional Shareholder Activism

Understanding Institutional Shareholder Activism A Comparative Study of the UK and China

  • Author:
  • Publisher: Routledge
  • ISBN: 9780415640336
  • Published In: December 2013
  • Format: Hardback , 300 pages
  • Jurisdiction: China, U.K. ? Disclaimer:
    Countri(es) stated herein are used as reference only
Out of stock
OR
  • Description 
  • Contents 
  • Author 
  • Details

    Institutional shareholder participation has long been considered as vital to good corporate governance yet its potential does not seem to have been realized. The recent banking crisis exposed the passivity of some institutional shareholders, many of whom appear to have chosen to sell their stakes in the banks rather than intervene or challenge the board when they realized the strategies followed by the banks were excessively risky. Institutional shareholders’ role to scrutinize and monitor the decisions of boards and executive management in the banking sector in the UK is considered by many to be a failure, resulting in the phenomenon of ‘ownerless corporations’, as described by Lord Myners. In China, despite the fast rising of institutional investment in the securities market, institutional shareholders have not yet played a contributory role in monitoring corporate managers in listed companies.

    Drawing on empirical evidence this book seeks to systematically analyses institutional shareholders’ incentives to activism to explain when and why shareholder activism will occur. The book puts forward a model which explains the factors that determine institutional shareholders’ propensity for activism. The model both elaborates the collective benefits of activism as a means of achieving managerial accountability asks whether and when shareholder activism is rational for any individual shareholder. The book then goes to on to apply these finding to both the UK and China in order to explain the varying levels of shareholder activism in each jurisdiction. The book is the first to take an in-depth look at institutional share-holder activism in China providing prescriptions to promote greater shareholder engagement and exploring the potential it holds for improving corporate governance in the region.

  • Part 1: A Model for Shareholder Activism: In Outline 1. A Theoretical Framework for Shareholder Activism Part 2: Shareholder Activism in the UK 2. The Framework of UK Corporate Governance 3. The Landscape of Institutional Investment in the UK 4. Developing the Model for Institutional Investor Activism 5. Applying the Model to the Typology of Activism Part 3: Institutional Shareholder Activism in China 6. The Framework of Chinese Corporate Governance 7. The Landscape of Institutional Investment 8.Chinese Shareholder Activism: Empirical Evidence 9. Application of the Model in China Part 4: Comparisons and (Modest) Prescription for Reform 10. The Way Forward in China: Some Implications from UK Experience

  • Bo Gong is Lecturer in Law at China Central South University, China.

You may also be interested in these books:

Hong Kong Company Secretary Checklist, 2nd Edition
Hong Kong Company Secretary Checklist, 2nd Edition

List Price: HKD 1,380.00

HKD 1,338.60 Save HKD 41.40 (3%)

The Hong Kong Company Secretary's Handbook: Practice and Procedure (11th Edition)
The Hong Kong Company Secretary's Handbook: Practice and Procedure (11th Edition)

List Price: HKD 535.00

HKD 518.95 Save HKD 16.05 (3%)

Hong Kong Tax & Accounting Practical Toolkit (Basic Package)
Hong Kong Tax & Accounting Practical Toolkit (Basic Package)
HKD 3,300.00
Butterworths Hong Kong Immigration Law Handbook, 4th Edition
Butterworths Hong Kong Immigration Law Handbook, 4th Edition

List Price: HKD 1,400.00

HKD 1,358.00 Save HKD 42.00 (3%)

Hong Kong Conveyancing Law, 9th Edition
Hong Kong Conveyancing Law, 9th Edition

List Price: HKD 2,000.00

HKD 1,940.00 Save HKD 60.00 (3%)

Company Law in Hong Kong: Practice and Procedure 2023 (Hardcopy + e-Book)
Company Law in Hong Kong: Practice and Procedure 2023 (Hardcopy + e-Book)

List Price: HKD 3,198.00

HKD 3,102.06 Save HKD 95.94 (3%)

Company Law in Hong Kong: Insolvency 2023 (Hardcopy + e-Book)
Company Law in Hong Kong: Insolvency 2023 (Hardcopy + e-Book)

List Price: HKD 2,843.00

HKD 2,757.71 Save HKD 85.29 (3%)

Law of Companies in Hong Kong, 4th Edition (Hardcopy + e-Book)
Law of Companies in Hong Kong, 4th Edition (Hardcopy + e-Book)

List Price: HKD 3,500.00

HKD 3,395.00 Save HKD 105.00 (3%)

Private Equity in Hong Kong and China, 4th Edition
Private Equity in Hong Kong and China, 4th Edition

List Price: HKD 2,000.00

HKD 1,940.00 Save HKD 60.00 (3%)

Butterworths Hong Kong Company Law Handbook, 25th Edition
Butterworths Hong Kong Company Law Handbook, 25th Edition

List Price: HKD 4,500.00

HKD 4,365.00 Save HKD 135.00 (3%)

Hong Kong Family Court Practice, 4th Edition
Hong Kong Family Court Practice, 4th Edition

List Price: HKD 2,700.00

HKD 2,619.00 Save HKD 81.00 (3%)

Brooke's Notary Hong Kong, 3rd Edition
Brooke's Notary Hong Kong, 3rd Edition

List Price: HKD 1,700.00

HKD 1,649.00 Save HKD 51.00 (3%)

Butterworths Hong Kong Employees' Compensation Handbook, 7th Edition
Butterworths Hong Kong Employees' Compensation Handbook, 7th Edition

List Price: HKD 2,100.00

HKD 2,037.00 Save HKD 63.00 (3%)

Chitty On Contracts: Hong Kong Specific Contracts (7th Edition) (Hardcopy + e-Book)
Chitty On Contracts: Hong Kong Specific Contracts (7th Edition) (Hardcopy + e-Book)

List Price: HKD 8,995.00

HKD 8,725.15 Save HKD 269.85 (3%)

Hong Kong Company Secretary Checklist
Hong Kong Company Secretary Checklist

List Price: HKD 1,380.00

HKD 1,338.60 Save HKD 41.40 (3%)

Butterworths Hong Kong Securities Law Handbook, 7th Edition
Butterworths Hong Kong Securities Law Handbook, 7th Edition

List Price: HKD 3,700.00

HKD 3,589.00 Save HKD 111.00 (3%)

Butterworths Hong Kong Employment Law Handbook, 7th Edition
Butterworths Hong Kong Employment Law Handbook, 7th Edition

List Price: HKD 2,300.00

HKD 2,231.00 Save HKD 69.00 (3%)

Cross-Border Mergers and Acquisitions and Financing, 4th Edition
Cross-Border Mergers and Acquisitions and Financing, 4th Edition

List Price: HKD 1,800.00

HKD 1,746.00 Save HKD 54.00 (3%)

Hong Kong Basic Law Handbook, 3rd Edition
Hong Kong Basic Law Handbook, 3rd Edition

List Price: HKD 2,000.00

HKD 1,940.00 Save HKD 60.00 (3%)

Hong Kong Company Law Cases (2008-2022)
Hong Kong Company Law Cases (2008-2022)

List Price: HKD 48,000.00

HKD 46,560.00 Save HKD 1,440.00 (3%)