The Wall Street Walk when Blockholders Compete for Flows
Effective monitoring by equity blockholders is important for good corporate governance. A prominent theoretical literature argues that the threat of...
Read moreEffective monitoring by equity blockholders is important for good corporate governance. A prominent theoretical literature argues that the threat of...
Read moreExamining a shock to the salience of the sustainability of the US mutual fund market, we present causal evidence that investors marketwide value...
Read moreWe study the effectiveness of institutional investor engagement on the ESG performance of a sample of UK firms listed in the FTSE 350 Index. To measure the...
Read moreDesigning a regulatory response to climate change is one of the defining challenges of our era. In an attempt to address it, the Securities and Exchange...
Read moreConcerned with excessive risk taking, regulators worldwide generally prohibit private pension funds from charging performance-based fees....
Read moreSince the UK adopted the world’s first stewardship code in 2010, stewardship codes have proliferated across Asia. Given the UK Code’s prominence,...
Read moreCorporate stewardship holds great promise for the improvement of shareholder engagement and the encouragement of more responsible and long-term...
Read moreIn this contribution, we focus on the market for stewardship, as this has been developing in the UK. We observe that the 2020 UK Stewardship Code more...
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 moreDirect investments are the preferred vehicle for large institutional investors to have control over their portfolio investments. We study the deal...
Read moreIn today’s world, the transfer of laws and regulations between different legal systems is commonplace. The global spread of stewardship codes in...
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