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 …

We summarize and synthesize the results from 73 studies that examine the consequences of
shareholder activism for targeted firms, and draw two primary conclusions. First, activism that …

We show that engagement on environmental, social, and governance issues can benefit
shareholders by reducing firms' downside risks. We find that the risk reductions (measured …

This paper provides a modern overview of corporate governance in China and in doing so
highlights many corporate governance features and issues that are, for the most part, unique …

This study examines the effect of shareholder proposals related to corporate social
responsibility (CSR) on financial performance. Specifically, I focus on CSR proposals that …

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

Purpose This study examines the impact of ownership structure on firm financial
performance, for 146 manufacturing firms listed at the Pakistan Stock Exchange (PSX) for …

Purpose This study aims to investigate the relationship between corporate governance (CG)
and financial performance in the case of publicly listed companies in Vietnam for the period …

Shareholder activism has become a dynamic institutional force, and its associated, rapidly
increasing body of scholarly literature affects numerous disciplines within the organization …

We survey institutional investors to better understand their role in the corporate governance
of firms. Consistent with a number of theories, we document widespread behind‐the‐scenes …