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The Causes of Proxy Contests: An Empirical Study, 1956-60

Journal of Finance 1964 19(1), 107
THE PROXY CONTEST as a means of instituting corporate reform has become popular in the United States since World War 11.Up to now, however, there have been no systematic investigations of the causes of proxy contests, because scholars, journalists, and lawyers have thought each contest so unique that any attempt at aggregation of the results of the individual contests has been considered to be fruitless.The results of this analysis of sixty-seven companies, in which there were seventy-nine contests, proved otherwise.