This paper assesses whether shareholders drive the environmental and social (E&S)
performance of firms worldwide. Across 41 countries, institutional ownership is positively …

This systematic literature review analyses the determinants and consequences of executive
compensation-related shareholder activism and say-on-pay (SOP) votes. The review covers …

The aim of our research is to analyze how board characteristics influence firm performance.
In this paper, we specifically examine how board size, board independence, CEO duality …

We survey institutional investors to better understand their role in the corporate governance
of firms. Consistent with a number of theories, we document widespread behind‐the‐scenes …

Can algorithms assist firms in their decisions on nominating corporate directors? Directors
predicted by algorithms to perform poorly indeed do perform poorly compared to a realistic …

Mutual funds vary greatly in their reliance on proxy advisory recommendations. Over 25% of
funds rely almost entirely on Institutional Shareholder Services (ISS) recommendations …

We study the effect of investor horizons on a comprehensive set of corporate decisions. We
argue that monitoring by long-term investors generates decision making that maximizes …

We study the effect of corporate social responsibility (CSR) on shareholder value. We argue
that long-term investors can ensure that managers choose the amount of CSR that …

This paper explores how the carbon premium varies around the world. We estimate the
stock return premium associated with carbon emissions at the firm level in a cross-section of …

摘要非控股大股东可以对控股股东的控制权私利行为和管理层的机会主义行为产生有效的制约.
传统研究认为, 非控股大股东通过监督机制和退出机制来实现公司治理, 但对退出威胁机制的 …