Institutional ownership and board governance. A structured literature review on the heterogeneous monitoring role of institutional investors
P Velte - Corporate Governance: THe International Journal of …, 2024 - emerald.com
Purpose This paper aims to review empirical research on the relationship between
institutional ownership (IO) and board governance (85 studies). Design/methodology …
institutional ownership (IO) and board governance (85 studies). Design/methodology …
Climate risk disclosure and institutional investors
Through a survey and analyses of observational data, we provide systematic evidence that
institutional investors value and demand climate risk disclosures. The survey reveals the …
institutional investors value and demand climate risk disclosures. The survey reveals the …
[HTML][HTML] CEO compensation: Evidence from the field
We survey directors and investors on the objectives, constraints, and determinants of CEO
pay. We find that directors face constraints beyond participation and incentives, and that pay …
pay. We find that directors face constraints beyond participation and incentives, and that pay …
Applying economics—not gut feel—to ESG
A Edmans - Financial Analysts Journal, 2023 - Taylor & Francis
Interest in environmental, social, and governance (ESG) issues is at an all-time high.
However, academic research is still relatively nascent, often leading us to apply gut feel on …
However, academic research is still relatively nascent, often leading us to apply gut feel on …
Token-based crowdfunding: Investor choice and the optimal timing of initial coin offerings
This article examines the operating and financial performance of venture firms conducting
initial coin offerings (ICOs) with different types of investors and at different points along a …
initial coin offerings (ICOs) with different types of investors and at different points along a …
[PDF][PDF] Where do institutional investors seek shelter when disaster strikes?: Evidence from covid-19
During the COVID-19 market crash, US stocks with higher institutional ownership--in
particular, those held more by active, short-term, and more exposed institutions--performed …
particular, those held more by active, short-term, and more exposed institutions--performed …
Do institutional investors stabilize equity markets in crisis periods? Evidence from COVID-19
During the COVID-19 crash, US stocks with higher institutional ownership performed worse.
This under-performance is unrelated to revisions in earnings expectations, which suggests a …
This under-performance is unrelated to revisions in earnings expectations, which suggests a …
Governance by persuasion: Hedge fund activism and market-based shareholder influence
Hedge fund activism refers to the phenomenon where hedge fund investors acquire a strict
minority block of shares in a target firm and then attempt to pressure management for …
minority block of shares in a target firm and then attempt to pressure management for …
Symbolic shareholder democracy: Toward a behavioral understanding of the role of shareholder voting in CEO dismissals
AG Andrei, J Van Oosterhout… - Organization …, 2023 - pubsonline.informs.org
We investigate the effect of expressive shareholder dissent voting, in which shareholders
use their votes symbolically to express their discontent with management, on subsequent …
use their votes symbolically to express their discontent with management, on subsequent …