We show that the presence of dual holders following the mergers between institutional
shareholders and creditors of industry firms leads to a decrease in the firms' excessive …

Dual holders, financial institutions that simultaneously hold the debt and equity claims of the
same firms, increase corporate tax avoidance. The positive effect is more pronounced in …

Hedge fund activists have ambiguous relationships with the institutional shareholders in
their target firms. While some support their activities, others counter their actions. Due to their …

Abstract A Corporate Social Responsibility (CSR)-myopic firm is one that experiences
greater-than-normal operating profits but scores worse in its CSR 'strength'or …

This article studies how the three-way interaction among shareholders, creditors, and
managers shapes firms' executive compensation. Firms with a higher ownership share by …

We investigate the effect of agency conflicts between shareholders and debtholders on
aggressive tax avoidance using a unique setting of dual holders who simultaneously hold …

This paper shows evidence of a positive relationship between institutional dual holders, who
hold both equity and debt in a firm, and voluntary greenhouse gas (GHG) emission …

Using a new measure of shareholder inattention constructed from exogenous industry
shocks to institutional investor portfolios, we find that firms with distracted shareholders are …

Constructing a comprehensive data set of financially distressed firms that restructured their
debts from 2000–2014, we find that firms with financial institutions' loan-equity simultaneous …

This study sheds light on agency conflicts between creditors and shareholders and their
effect on a firm's corporate social responsibility (CSR) performance. We find that the …