• Liquidity and shareholder activism 

      Norli, Øyvind; Østergaard, Charlotte; Schindele, Ibolya (Journal article; Peer reviewed, 2015)
      Blockholders' incentives to intervene in corporate governance are weakened by free-rider problems and high costs of activism. Theory suggests activists may recoup expenses through informed trading of target rms' stock ...
    • Social capital and the viability of stakeholder-oriented firms: Evidence from savings banks 

      Østergaard, Charlotte; Schindele, Ibolya; Vale, Bent (Journal article; Peer reviewed, 2016)
      We show that social capital improves the viability of stakeholder-oriented rms operating in competitive markets. Studying exits from the population of Norwegian savings banks after deregulations, we nd that banks located ...