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How to overcome shareholder apathy in corporate governance - the role of investor associations in Germany.

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). pp. 143-157.


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

Item Type:Article
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Publisher statement:This is the accepted version of the following article: 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, which has been published in final form at article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
Date accepted:No date available
Date deposited:12 September 2017
Date of first online publication:23 April 2012
Date first made open access:No date available

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