To many, the principal–agent model is the obvious lens through which executive pay should
be viewed. Such a sentiment sits uncomfortably with a large number of empirical studies …

We survey the evidence on the relationship between board composition and firm
performance. Boards of directors of American public companies that have a majority of …

Examining the relationship between governance and corporate innovation strategies, we
found, in opposition to the assumption that owners have a unified voice, differences among …

Researchers have assumed that large ownership stakes held by institutional investors grant
them power to influence R&D investments. We found that ownership alone was insufficient …

Shareholder activism by institutions is an important aspect of US financial markets. We
provide an overview of shareholder activism by institutional and individual investors …

The widespread practice of earnings management adversely impacts the quality of financial
reports and increases information asymmetries between owners and managers. The present …

I survey corporate governance activity by institutional investors in the United States, and the
empirical evidence on whether this activity affects firm performance. A small number of …

Researchers and investors disagree over the extent to which shareholder activism facilitates
improvements in target firms' values, earnings, operations, and governance structures. The …

A substantial academic and popular literature argues that the performance of American
corporations might improve if American corporations had long‐term outside investors …

Alexander Bassen analysiert die Determinanten und Ausgestaltungsformen des Verhaltens
institutioneller Investoren und die Objekte ihrer Einflussnahme systematisch und integriert …