While academic research has made remarkable progress in understanding corporate social
responsibility (CSR), we have scant understanding of corporate social irresponsibility …

An important milestone often reached in the life of an activist engagement is entering into a
“settlement” agreement between the activist and the target's board. Using a comprehensive …

Boards are crucial to shareholder wealth. Yet little is known about how shareholder
oversight affects director incentives. Using exogenous shocks to institutional investor …

We examine the relation between shareholder activism and voluntary disclosure. An
important consequence of voluntary disclosure is less adverse selection in the capital …

While agency theory has long dominated corporate governance research, we suggest that
the common transplanting of the dyadic principal–agent problem into the corporate context …

Purpose This paper aims to systematically review, discuss and synthesize the current state
of research in the realm of hedge fund activism (HFA). By exploring HFA-related literature …

Motivated by the increasing influence of shareholder votes on corporate policies, we
examine investors' perceptions of activism via voting. To identify instances of activism via …

Activist investors in a firm often voluntarily release information about their governance
intentions to the public. Voluntary disclosure theory suggests that an activist investor will …

This paper aims to define the relationship between ownership structures and firm
performance. Defining the relation between ownership structures and firm performance in a …

Information and control rights are central aspects of leadership, management, and corporate
governance. This paper studies a principal‐agent model that features both communication …