This article surveys corporate governance in China, as described in a growing literature
published in top journals. Unlike the classical vertical agency problems in Western …

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 …

Blanket exclusion of “brown” stocks is seen as the best way to reduce their negative
externalities by starving them of capital. We show that a more effective strategy may be tilting …

Abstract We examine how Corporate Social Responsibility (CSR), jointly with influential
institutional ownership (IO), affects firm value around the 2008 global financial crisis. We find …

This paper assesses whether shareholders drive the environmental and social (E&S)
performance of firms worldwide. Across 41 countries, institutional ownership is positively …

Using micro-level data, we examine the behavior of socially responsible investment (SRI)
funds. SRI funds select firms with lower pollution, more board diversity, higher employee …

Passive institutional investors are an increasingly important component of US stock
ownership. To examine whether and by which mechanisms passive investors influence …

We examine the effects of institutional ownership on firms׳ information and trading
environments using the annual Russell 1000/2000 index reconstitution. Characteristics of …

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 …

Given the widespread impacts of firm activities on the environment, firms are increasingly
required to disclose environmental information. However, the relation between …