Promoting ?good? corporate governance has become an important concern. One result has been the creation of indexes that purport to measure the quality...
We study how transparency affects takeover probability and stock returns. If transparency helps acquiring firms to determine target value or synergy,...
We present a model of media coverage of corporate announcements. Firms strategically use the media to communicate corporate announcements to a group of...
ESG funds are not all equal: there is significant heterogeneity in incentives of fund managers to engage with portfolio firms. We argue that differences...
We examine the effects of a law amendment in Israel in 2011 that imposes a set of minimum corporate governance standards on privately held firms that issue...