Yaron Nili and Kobi Kastiel on Corporate Gadflies

Yaron Nili, assistant professor of law at the University of Wisconsin, and Kobi Kastiel, assistant professor of law at Tel Aviv University, join the Business Scholarship Podcast to discuss their article The Giant Shadow of Corporate Gadflies. In this article Nili and Kastiel examine the work of a handful of retail investors who frequently submit shareholder proposals, a group they dub “corporate gadflies.” After presenting empirical findings on how gadflies influence corporate governance, Nili and Kastiel consider policy and regulatory implications for gadflies’ work.