This paper provides the first comprehensive study of mutual fund voting in proxy contests. Funds tend to vote against incumbent management at firms with...
Ever since the global financial crisis in 2008, credit ratings have been subject to increased scrutiny. The main concern with ratings is related...Read more
The compensation of employees in asset management is typically much higher than that of non-finance employees with similar education, and tends to...Read more
New research findings presented at London Business School on 3 October drew a large audience of asset managers, investors, policy advisors and...Read more
Mutual funds own approximately 30 percent of the U.S. equity market, and the Big Three fund families – Blackrock, Vanguard, and State Street – are...Read more
This paper looks at shareholder activism from the perspective of the revision of the EU Shareholder Rights Directive, which was approved by the...Read more
Climate change is one of the key economic challenges of our time. Economists and public policy scholars increasingly agree on the merits of carbon...Read more