Determinants of Corporate Voting – Evidence from a Large Survey of German Retail Investors

摘要: Although corporate voting is a vital instrument of governance, research on the determinants turnout at an individual level still scarce. This paper sheds first light from investors’ perspective by analyzing large and unique data set collected survey among almost 425,000 German retail investors blue-chip company. The results this case study provide unprecedented insights into potential factors influencing private shareholders’ decision to cast their votes in elections. Drawing traditional rational choice model resource political voting, my findings indicate that particularly with better resources, i. e., well-educated or rather sophisticated more experienced investors, are likely use right. Overall, may offer new implications for explaining publicly listed companies.