The lack of board diversity across gender and race has been one of the most controversial topics in corporate board governance in recent years. Given the...
We analyze the design of recommendations (available to all shareholders) and research reports (available only to subscribers) by a proxy advisor, who...
The traditional focus of corporate law is on aligning managers’ preferences with the interests of shareholders. We show that this view is premised on...
Using natural language processing, we identify and categorize the corporate goals in the shareholder letters of the 150 largest companies in the United...