The explosion in ESG research has led to a strong reliance on ESG rating providers. We document widespread changes to the historical ratings of a key...
In 2010, the United Kingdom issued the world’s first stewardship code. Since then, stewardship codes have been issued in many of the world’s leading...
Hedge fund activism refers to the phenomenon where hedge fund investors acquire a strict minority block of shares in a target firm and then attempt to...
We examine recent confrontational shareholder activism campaigns by hedge funds and by other private investors. The three main parallels between the...
Recent research shows that a high wage-gap between managers and workers identifies better-performing firms, but the stock market does not seem to price...
There is growing interest in the phenomenon of international or transnational corporate law. This development is marked by its complexity. It involves...