Activism

Working Paper

22 May 2017

Can Strong Corporate Governance Selectively Mitigate the Negative Influence of 'Special Interest' Shareholder Activists? Evidence from the Labor Market for Directors

Union and public pension funds, the most prolific institutional activists employing low-cost targeting methods, are often accused of pursuing private benefits. Extant literature finds that unions representing workers, as...

Diane Del Guercio | Tracie Woidtke
01 September 2014

Ties that Bind: How Business Connections Affect Mutual Fund Activism

We investigate whether business ties with portfolio firms influence mutual funds' proxy voting using a comprehensive data set spanning 2003 to 2011. In contrast to prior literature, we find that business ties significantly influence...

Dragana Cvijanović | Amil Dasgupta | Konstantinos Zachariadis
09 July 2019

Citizens United vs. FEC and Corporate Political Activism

This paper analyzes the effect that the U.S. Supreme Court’s landmark decision on Citizens United vs. FEC had on corporate political activism. The decision opened the door for corporate treasuries to engage in independent political...

Rui Albuquerque | Zicheng Lei | Jörg Rocholl | Chendi Zhang

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