How to Overcome Shareholder Apathy in Corporate Governance- The Role of Investor Associations in Germany

Stratling, R.

Abstract

Investor apathy by private retail investors and highly diversified institutional investors is often blamed for poor managerial accountability and control of majority investors. Attempts to encourage shareholder activism tend to focus on large institutional investors and ignore retail investors. However, in Germany associations of private retail investors play an increasingly important role in organizing collective shareholder action and defining minority shareholder interests. The German example highlights a possible alternative to the US and UK model of shareholder activism, which is dominated by institutional investors

Citation

Stratling, R. (2012). How to Overcome Shareholder Apathy in Corporate Governance- The Role of Investor Associations in Germany. Annals of Public and Cooperative Economics, 83(2), 143-157. https://doi.org/10.1111/j.1467-8292.2012.00458.x

• Journal Article Type: Article
• Online Publication Date: Apr 23, 2012
• Publication Date: Jun 1, 2012
• Deposit Date: Mar 9, 2012
• Publicly Available Date: Sep 12, 2017
• Journal: Annals of Public and Cooperative Economics
• Print ISSN: 1370-4788
• Electronic ISSN: 1467-8292
• Publisher: Wiley
• Peer Reviewed: Peer Reviewed
• Volume: 83
• Issue: 2
• Pages: 143-157
• DOI: https://doi.org/10.1111/j.1467-8292.2012.00458.x
• Public URL: https://durham-repository.worktribe.com/output/1479769