Which Investors Fear Expropriation? Evidence from Investors' Portfolio Choices
Using a data set that provides unprecedented detail on investors' stockholdings, we analyze whether investors take the quality of corporate...
Read moreUsing a data set that provides unprecedented detail on investors' stockholdings, we analyze whether investors take the quality of corporate...
Read moreHedge fund activism is a new form of arbitrage. Using a large hand-collected data set from 2001 to 2006 we find that activist hedge funds in the U.S. propose...
Read moreInstitutional shareholder stewardship codes (‘stewardship codes’) exist in many jurisdictions. They reflect the growing importance of...
Read morePassively managed funds have grown to become some of the largest shareholders in publicly traded companies, but there is considerable debate about the...
Read moreWe examine why institutional investors vote the way they vote on director elections, using a novel dataset on voting rationales provided by...
Read moreCorporate governance interventions by hedge fund shareholders are triggering debates between advocates of management empowerment and advocates of...
Read moreCorporate law and corporate governance are often called upon to address problems in international and transnational contexts. Financial markets are...
Read moreOne of the central problems of shareholder stewardship around the world is rendering institutional investors good monitors of their investee...
Read moreWithin less than twenty years the idea of shareholder stewardship has become a global phenomenon. In 2010, the United Kingdom hastily released the...
Read moreHow do active managers engage with portfolio firms? And, what role does monitoring and engagement play in their trading decisions? We use proprietary...
Read moreThis survey provides an overview of theoretical and empirical research on information flows in corporations. It highlights key frictions preventing...
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