Using a novel data set, we show that up to one-fifth of America's largest firms had an activist, non-financial blockholder, or insider as their largest...
We derive a measure that captures the extent to which common ownership shifts managers’ incentives to internalize externalities. A key feature of the...
With the emergence of sovereign wealth funds (SWFs) around the world managing equity of over $8 trillion, their impact on the corporate landscape and...
How do wealth managers understand and comply with the social norms embedded in banks’ codes of conduct (CoC) and how do they cope with ethical dilemmas?...
This paper examines the causes and consequences of hedge fund investments in exchange traded funds (ETFs) using U.S. data from 1998 to 2018. The data...