News

News

The ECGI news section is focused on news about ECGI, events, projects, publications and ECGI members. It is not intended as a news site to share media stories about corporate governance. Queries about news stories can be directed to admin@ecgi.org

    E.g., 2024-03-28
    E.g., 2024-03-28

    Corporate Governance, the Depth of Altruism and the Polyphony of Voice

    This post responds to the paper 'Exit v. Voice' by Eleonora Broccardo, Oliver Hart, and Luigi Zingales (BHZ). The paper discusses two possible mechanisms by which an ‘altruistic’ investor (ie, an investor who derives some utility from conferring a social benefit) can induce firms to change their behaviour in a socially responsible way, ‘exit’ (divestment) and ‘voice’ (shareholder voting).

    20 July 2021