Harnessing the collective power of retail investors

Sergio Alberto Gramitto Ricci and Christina M. Sautter

Chapter 11 in A Research Agenda for Corporate Law, 2023, pp 207-227 from Edward Elgar Publishing

Abstract: New retail investors have been flooding the securities markets, opening a record-breaking number of new brokerage accounts. The overwhelming majority of these new retail investors are Millennials and GenZ’ers. Due to their increasing fiscal power as well as their generational characteristics and affinities, these new generations of retail investors can shift paradigms in corporate governance and in the relation between business corporations and society. This chapter sheds light on the benefits that harnessing the collective power of retail investors can bring about, with an emphasis on easing access to corporate governance for all shareholders, increasing diversity in corporate governance, bridging the gap between business corporations and society, and nurturing the relation between consumer-facing corporations and new generations of ‘investomers’. This chapter also discusses how corporate governance infrastructure would enhance the engagement of retail investors and allow society and corporations to harness the benefits of the collective power of retail investors.

Keywords: Business and Management; Economics and Finance; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
Date: 2023
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