Construct · 1 fields · 1 citations

governance through exit: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

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Corporate governance

large shareholders disciplining managers through the credible threat of selling their shares rather than through direct intervention.

In corporate governance, governance through exit refers to large shareholders disciplining managers through the credible threat of selling their shares rather than through direct intervention. This meaning comes from Admati (2009) in Review of Financial Studies.[1]

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Nearby constructs

blockholder governance1 fields · 1 citationsanchor · a standalone construct governance4 fields · 5 citationsjingle · one word, four constructs threat6 fields · 14 citationsjingle · one name, six constructs

References

Admati, A. R., & Pfleiderer, P. (2009). The “Wall Street Walk” and Shareholder Activism: Exit as a Form of Voice. Review of Financial Studies, 22(7), 2645-2685. https://doi.org/10.1093/rfs/hhp037

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