American society has now been living in the wake of shareholder value capitalism for four
decades. The shareholder value movement began as an invasion of the market for …

In this paper, we study common ownership in US labor markets, and document that common
ownership more than doubled over the period 1999–2017. To identify the causal effects of …

The concept of shareholder value has been the subject of heated debate for 40 years.
Surprisingly, the literature seems to overlook the fact that shareholder orientation by …

This article investigates the relationship between the share of assets held by different
institutional investors as a proportion of GDP and a synthetic index of job quality in 17 OECD …

Drawing upon the deregulation of initial public offerings (IPOs) in China, our study reveals a
substantial and negative correlation between shareholder bargaining power and the labor …

This study documents that firms with active corporate owners compensate their employees
less than their peers. We analyze over 20 million employee records from 897 US firms and …

This study documents that firms with active corporate owners compensate their employees
less than their peers. We analyze over 20 million employee records from 897 US firms and …

Regulation plays a crucial role in ensuring efficient and inclusive labor markets worldwide.
This review focuses on two distinct streams of the literature, those studying the impacts of …

This paper sheds new light on the impact of corporate monitoring by institutional investors. I
show that investors with large proportions of their portfolio allocated to a firm, which I term …

Using worker-level data from the US Census Bureau's LEHD program from 1993 through
2015, we show that shareholder power leads to large earnings losses for employees. We …