Can online annual general meetings increase shareholders’ participation in corporate governance?
研究发现，在线召开年度股东大会能显著提高股东（尤其是中小股东）的参与度，并在公司首次采用时带来正向股价反应，有助于改善公司治理。
Abstract We find that annual shareholder meetings conducted online can significantly increase the participation of shareholders, especially minority shareholders. This finding is more evident when the cost of physically attending the annual meeting is higher and when the firm's ownership is more dispersed. We further document significant positive stock returns when firms initiate annual online meetings. We also find that such online meetings help improve corporate governance. Overall, we provide evidence that online shareholder meetings provide shareholders a cost‐effective way to participate in governance issues.