This paper reviews the theoretical and empirical literature on executive compensation. We
start by presenting data on the level of CEO and other top executive pay over time and …

I develop a corporate governance framework, provide a broad overview of recent corporate
governance research, and place each of the Special Issue papers within the context of this …

In this address, I discuss differences across investor and manager motivations for
considering sustainable finance—value versus values motivations—and how these …

Exploring the motivation of corporate ESG (Environment, Social Responsibility, and
Corporate Governance) engagement is vital for shareholders protection and corporate …

This study uses two distinct quasi-natural experiments to examine the effect of institutional
shareholders on corporate social responsibility (CSR). We first find that an exogenous …

Financial economics and corporate governance have long focused on the agency problems
between corporate managers and shareholders that result from the dispersion of ownership …

Using recently available GRESB ESG public disclosure data for REITs around the world, we
examine how ESG disclosure is related to REIT debt financing and firm value. We find that …

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

This paper investigates whether institutional investors promote the abatement of corporate
carbon emissions. Using firm-level data on the U. S from 2007 to 2017, we find that …

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