Do Activist Investors Constrain Managerial Moral Hazard in Chapter 11?: Evidence from Junior Activist Investing

Simple Models of Operating Moral Hazard and Investing Moral Hazard

In this paper, we depict and analyze simple models of moral hazard, namely “operating moral hazard” and “investing moral hazard.” First we assume that a corporation exists primarily for the benefit of their shareholders. Then, moral hazard occurs when managers choose an option knowingly that is not optimum for shareholders. We evaluate the loss to shareholders in terms of cash flow to them in t...

Activist capitals in network societies: Towards a typology for studying networking power within contemporary activist demands

Network societies are characterized by social media, media that are supposed to level out power hierarchies, making political participation more inclusive and equal. By developing a typology for studying networking power within activist demands in network societies, such technooptimistic/deterministic assumptions are questioned. This typology is based on Bourdieu’s conceptual framework of socia...

Subway: Activist Performance through Mediation

Subway is a participatory multi-located activist art project. It builds on the mediation of a dance performance by breaking a video apart into its image frames; creating a photo app in Android to re-use these frames as guides for a frame-by-frame reenactment; and finally reassembling the collected images into a new video. Through the affordances of digital and mobile media, it allowed participa...

Activist Challenges to Deliberative Democracy

Screen and song celebrate social justice movements that protested in the streets when they were convinced that existing institutions and their normal procedures only reinforced the status quo. Many rights have been won in democratic societies by means of courageous activism — the eight hour day, votes for women, the right to sit at any lunch counter. Yet contemporary democratic theory rarely re...

Toward an Activist Political Theory