This paper reviews the theoretical and empirical literature on the role of blockholders (large
shareholders) in corporate governance. We start with the underlying property rights of public …

This paper reviews the theoretical and empirical literature on the channels through which
blockholders (large shareholders) engage in corporate governance. In classical models …

This study examines the impact of board gender diversity on financial misconduct. The
findings suggest firms with gender-diverse boards commit fewer financial reporting mistakes …

Evaluating agency theory and optimal contracting theory views of corporate philanthropy, we
find that as corporate giving increases, shareholders reduce their valuation of firm cash …

We analyze an extensive proprietary database of corporate social responsibility
engagements with US public companies from 1999–2009. Engagements address …

Empirical evidence on the relations between board independence and board decisions and
firm performance is generally confounded by serious endogeneity issues. We circumvent …

At present, many economies are suffering from environmental problems that have significant
effects on the climate and life of human beings, thus, the governments and institutions work …

We examine the benefits and costs associated with foreign independent directors (FIDs) at
US corporations. We find that firms with FIDs make better cross-border acquisitions when the …

This paper analyzes how blockholders can exert governance even if they cannot intervene
in a firm's operations. Blockholders have strong incentives to monitor the firm's fundamental …

Prior research shows that family control affects firm value through capital investment, debt
financing, M&A activities, and governance structure. This study investigates the role of …