The board of directors is a particularly powerful governance mechanism for monitoring firm performance in the U.S. However, director monitoring...Read more
Stock market investors are becoming increasingly vocal about the diversity of corporate leadership teams, following a global trend to engage with...Read more
The global financial crisis gave rise to competing narratives about shareholders and their engagement in corporate governance. According to one...Read more
Corporate stewardship holds great promise for the improvement of shareholder engagement and the encouragement of more responsible and long-term...Read more
Nowadays, shareholder engagement is considered a key feature of corporate governance. We investigate institutional investors’ voice...Read more
Financial market efficiency relies on timely and accurate information regarding firms’ risk exposures. An increasingly important and pertinent...Read more
In 2010, when the United Kingdom enacted the world’s first stewardship code (UK Code), the impetus behind it was clear. Institutional investors...Read more
Market discipline is viewed by policymakers as essential to achieve a more environmentally and socially sustainable economy. Investors have...Read more
Index funds and indexed ETFs managed by the “Big Three” – BlackRock, Vanguard and State Street – have grown to be the largest investors in the...Read more
Activist hedge funds can wield significant influence over target firms despite holding relatively small equity stakes by garnering the support of...Read more
Prof. Jill Fisch (University of Pennsylvania Law School) presents her paper on "The New Titans of Wall Street: A Theoretical Framework for Passive Investors" at the "Corporate Governance And Ownership With Diverse Shareholders" conference at IESE Business School, Barcelona. Discussion of the paper is then presented by Prof. Rafael Repullo (Centro de Estudios Monetarios y Financieros (CEMFI)). The full paper and slides from this presentation can be downloaded here: ecgi.global/content/corporate-governance-and-ownership-diverse-shareholders#!event-programme
Prof. Julian Franks (London Business School) presents his paper on "Corporate governance through voice and exit" at the "Corporate Governance And Ownership With Diverse Shareholders" conference at IESE Business School, Barcelona. Discussion of the paper is then presented by Prof. Krishna Palepu (Harvard Business School). The full paper and slides from this presentation can be downloaded here: ecgi.global/content/corporate-governance-and-ownership-diverse-shareholders#!event-programme