A stylized fact that lurks in the background of the recent literature on common ownership is the parallel increase in the profitability of oligopolistic...
The traditional focus of corporate law is on aligning managers’ preferences with the interests of shareholders. We show that this view is premised on...
The corporate governance role of institutional investors has long been stressed and culminated in recent emphasis on shareholder stewardship, the new...
Investors now hold directors responsible for newer issues like climate change and board diversity. Within the environment category, climate change is...
This paper examines the impact on shareholder voting of the mutual fund voting disclosure regulation adopted by the SEC in 2003, using a paired sample of...