Start Date: 6/6/2023 2:00 PM EDT
End Date: 6/6/2023 2:30 PM EDT
The U.S. stock market offered an unusual experiment to test the impact of retail investors in 2021, when there was a dramatic influx of retail investors into the shareholder base of companies such as GameStop and AMC. The meme surge phenomenon elicited a variety of reactions from scholars and practitioners. While some worried that affected companies’ share prices were becoming disjointed from their financial fundamentals, others predicted that retail shareholders will reduce the power of large institutional investors and democratize corporate governance. Join CII’s General Counsel Jeff Mahoney for a discussion with one of the authors of a recent research paper that presents the first empirical analysis of the impact of retail investors on the governance of companies affected by the “meme stock surge.”
Guest speaker: Albert H. Choi, professor of law, University of Michigan Law School
