The EU Corporate Sustainability Due Diligence Directive (CSDDD) proposal can be interpreted as an attempt to cope with the under-deterrence of negative externalities on human rights and the environment depending on the strategic use...

One of the oldest corporate law issues – for whom is the corporation managed? – has become one of the hottest public policy issues of corporate law. The traditional idea, especially in the USA, is one of profit generation for...

We exploit the staggered introduction of liability waivers when investors hold stakes in conflicting business opportunities as a shock to venture capital (VC) investment and director networks. We find increases in within-industry...

A common argument against divestment is that it jettisons voting power and that it has a small effect on stock prices. We argue that divestment is a form of voice that changes social preferences. We show that the Go Fossil Free...

Banks price physical climate change-related risks after observing natural disasters linked to climate change. We isolate this updating process by identifying loans to borrowers at risk of, but not-directly affected by, climate...