Munich Personal RePEc Archive

Corporate Voting

Miller, Alan (2017): Corporate Voting.

[img]
Preview
PDF
MPRA_paper_79185.pdf

Download (340kB) | Preview

Abstract

I introduce a model of corporate voting. I characterize the shareholder majority rule as the unique corporate voting rule that satisfies four axioms: anonymity, neutrality, share monotonicity, and merger, a property that requires consistency in election outcomes following stock-for-stock mergers.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.