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Department of Management - DISA

Seminar Shareholder empowerment and ownership structure in a free-contracting environment

3 February 2026

Salvatore Miglietta, Associate Professor of Finance at BI Norwegian Business School of Oslo.

  • 01:00 PM - 02:00 PM
  • Online on Microsoft Teams and in person : Dipartimento di Scienze Aziendali - Via Capo di Lucca n°34 - Sala Seminari 1, Primo Piano, Bologna
  • Work & Careers In English

How to partecipate

Free admission subject to availability

Program

The seminar is reserved for the Department of Management’s community. Other interested colleagues can contact Giulia Baschieri (giulia.baschieri@unibo.it).

We study how firms choose to allocate decision powers to shareholders or management in a historical context where control allocation was not mandated by corporate law but ownership structures were constrained by differences in regional wealth distributions. Firms with numerous small-and plausibly less informed-owners tend to disempower shareholders and increase managerial authority. Moreover, shareholder empowerment is accompanied by provisions promoting information acquisition by owners, suggesting that control and information are complements. Our findings highlight how the debate on shareholder empowerment should account for the critical role of ownership structure.

Salvatore is Associate Professor of Finance at BI Norwegian Business School. He earned his PhD degree from the University of Southern California in 2010 and joined the BI faculty the same year. His main area of research is corporate finance with particular attention to employee/executive compensation and corporate governance problems. He is also interested in behavioral and experimental economics.

The seminar will be held in English.

Contacts

Event Within the Framework of:

DiSA Research Seminars 2026

from

The seminars are reserved for the DISA staff and typically held every two weeks. They usually occur at the Department's main venue, and there is a provision for online connection on the Teams platform. Seminars are always held in English. They are organized by the DISA Seminars Committee, which is composed of a contact person for each of the department's disciplinary scientific areas of interest, so that we can work on all areas of interest to our researchers.