Shareholder voting and efficient corporate decision-making

被引：0

作者：

Lee, Kyounghun ^{[1
]}

Oh, Frederick Dongchuhl ^{[1
]}

机构：

[1] WOORI Finance Res Inst, 7th Floor 48 Sogong Ro, Seoul 04631, South Korea

来源：

RESEARCH IN ECONOMICS | 2024年 / 78卷 / 04期

关键词：

Shareholder voting; Quadratic voting; Majority voting; Voting efficiency; Core;

D O I：

10.1016/j.rie.2024.101010

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study assesses the effects of shareholder voting on a firm's decision-making by considering two voting methods: majority voting (MV) and quadratic voting (QV). Under MV, shareholders obtain voting rights in proportion to their shares, while under QV, they pay costs to buy voting rights. Our model demonstrates that under both MV and QV, the firm's decision is efficient if shareholders collectively make the voting decisions. Moreover, shareholders can benefit from share trades resulting in the firm's efficient decision.

引用

页数：4

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