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Corporate Board Elections and Company's Performance

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  • Karpov, A.

    (National Research University Higher School of Economics, Moscow, Russia)

Abstract

This paper surveys models of cumulative voting in corporate elections that have appeared in the literature. The influence of cumulative voting on company performance and proxy contests is analyzed. The practical issues as well as theoretical aspects of cumulative voting are studied. The particular section is devoted to gametheoretical modeling of the cumulative voting for corporate directors.

Suggested Citation

  • Karpov, A., 2012. "Corporate Board Elections and Company's Performance," Journal of the New Economic Association, New Economic Association, vol. 16(4), pages 10-25.
    • Handle: RePEc:nea:journl:y:2012:i:16:p:10-25
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    References listed on IDEAS

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    More about this item

    Keywords

    board of directors; corporate governance; cumulative voting;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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