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...
This paper describes different forms of ownership across countries and how these forms influence the way companies are governed. In most stock markets...
In spite of the highly concentrated ownership of listed companies, Italy is one of the countries in which institutional investors are on the rise and are...
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?...