Purpose This paper aims to review empirical research on the relationship between
institutional ownership (IO) and board governance (85 studies). Design/methodology …

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

Using a large sample of director elections, we document that shareholder votes are
significantly related to firm performance, governance, director performance, and voting …

The standard analysis of corporate governance assumes that shareholders vote in ratios
that firms choose, such as one share‐one vote. However, if the cost of unbundling and …

This paper examines the relation between CEO inside debt holdings (pension benefits and
deferred compensation) and corporate tax sheltering. Because inside debt holdings are …

We examine whether, how, and why acquirer shareholder voting matters. We show that
acquirers with low institutional ownership, high deal risk, and high agency costs are more …

Say on pay (SOP) is a form of shareholder activism where shareholders express their
opinions on executive compensation by casting a vote in the annual general meeting. To …

We examine the determinants and consequences of voting outcomes in uncontested
director elections. Exploiting a unique hand-collected data set of the rationale behind proxy …

Most investor coordination remains undisclosed. I provide empirical evidence on the extent
and consequences of investor coordination in the context of hedge fund activism, in which …

When making investment decisions, many investors now regularly consider a company's
CSR activities along with traditional financial performance measures (Elliott et al., 2014). Our …