ATTENTION/WARNING - NE PAS DÉPOSER ICI/DO NOT SUBMIT HERE

Ceci est la version de TEST de DIAL.mem. Veuillez ne pas soumettre votre mémoire sur ce site mais bien à l'URL suivante: 'https://thesis.dial.uclouvain.be'.
This is the TEST version of DIAL.mem. Please use the following URL to submit your master thesis: 'https://thesis.dial.uclouvain.be'.
 

The Influence of Shareholder Activism on the Board of Directors

Mercken, Roméo
(2015)

Files

Mercken_67491300_2015.pdf
  • Open access
  • Adobe PDF
  • 903.19 KB
Download

Details

Supervisors
Sarens, Gerrit
Faculty
Louvain School of Management
Degree label
Master [120] en Ingénieur de gestion
Abstract
This disertation discusses the effect of shareholder activism on the board of directors. After a qualitative study of 4 shareholders and 3 executives, I conclude the following. Shareholders with a financial mission were more risk-averse and thus aimed at financial healthy targets. The applied influence is hands- off in nature. The shareholder with a financial mission and social aspect went for targets that were not profitable at that time. By restructuring, the shareholders’ core competence, the target could become financial healthy and growing again. The shareholder influenced his targets in an obligatory hands-on fashion. Finally, the shareholder with a social mission and financial aspect was the most risk seeking and aimed at university spin-offs. The influence perceived was the optional hands-on approach. Futhermore from this conclusion I deducted recommendations for a listed firm's environment.