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 analyze the impact of a large shareholder disclosing its voting decisions prior to shareholder meetings on final vote outcomes for management and...
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...