We study investor activism promoting environmental, social and governance (ESG) improvements using a proprietary dataset. Targets have a higher market share, analyst coverage, stock returns, and liquidity. The engagements lead to ESG rating...Read more
In a 2010 report, The Economist called the resurgence of state-owned mega-en- terprises, especially those in emerging economies, “Leviathan Inc.”, and criticized their poor governance and e ciency. We show that stateowned enterprises engage more...Read more
Market discipline is viewed by policymakers as essential to achieve a more environmentally and socially sustainable economy. Investors have...Read more
Preamble
Sustainability and Corporate Social Responsibility (CSR) have become important to many corporations and the...Read more
To the best of our knowledge this is the first study to investigate whether the presence of female directors in the boardrooms of US corporations...Read more