Document Type

Article

Source of Publication

Corporate Ownership and Control

Publication Date

1-1-2015

Abstract

© 2015, Virtus Interpress. All rights reserved. The paper outlines shareholder activism development in common law and civil law countries and identifies features of these legal systems that create preconditions and obstacles for shareholder activism. Our findings show that tendencies of shareholder activism depend on the type of the legal system, but also vary within the countries that share the same legal system. Thus, we conclude that the type of legal system is not the chief determinant of shareholder activism. A comparative analysis of shareholder activism in Germany and Ukraine (civil law countries) and the USA and the UK (common law countries) shows that the system of domestic corporate regulation, development of the stock market, companies’ capitalization and corporate governance influence the development of shareholder activism in equal measure.

ISSN

1727-9232

Publisher

Virtus Interpress

Volume

13

Issue

1CONT5

First Page

520

Last Page

533

Disciplines

Business

Keywords

Civil law, Common law, Corporate governance, Hedge funds, Shareholder activism

Scopus ID

84944526000

Creative Commons License

Creative Commons Attribution-Noncommercial 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License

Indexed in Scopus

yes

Open Access

yes

Open Access Type

Hybrid: This publication is openly available in a subscription-based journal/series

Included in

Business Commons

Share

COinS