kaal:claim:5583610-025

Smart contract delivered, time-based vouchers counter activist-induced price dips by giving shareholders a reason to hold through the trough, and they do so without the trading lock-ups that restrict liquidity.

Source quote, verbatim
Delivered via smart contracts, these incentives encourage shareholders to resist selling during activist-induced stock price dips, without restrictive stock trading lock-ups that limit trading flexibility.
From

Wulf A. Kaal, Liquid Equity Rewards in Corporate America (2025), 5.1. Time-Weighted Rewards Between Annual Meetings, p. 22
https://ssrn.com/abstract=5583610 · source PDF

Cite as

Wulf A. Kaal, Liquid Equity Rewards in Corporate America (2025). SSRN: https://ssrn.com/abstract=5583610

Holds when
Classification

mechanismsupport: arguedsmart-contractsrisk-and-incentives

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