Selecting directors using machine learning

I Erel, LH Stern, C Tan… - The Review of Financial …, 2021 - academic.oup.com
Can algorithms assist firms in their decisions on nominating corporate directors? Directors
predicted by algorithms to perform poorly indeed do perform poorly compared to a realistic …

Investors' attention to corporate governance

P Iliev, J Kalodimos, M Lowry - The Review of Financial Studies, 2021 - academic.oup.com
Using unique data on investor views of EDGAR company filings, we document that many
investors engage in governance research. However, investors' monitoring is …

The perils of small-minority controllers

LA Bebchuk, K Kastiel - Geo. LJ, 2018 - HeinOnline
Snap, the owner of the disappearing-message application Snapchat, went public in March
2017 at a valuation exceeding $20 billion with a multiple-class structure that creates …

Monitoring the monitor: Distracted institutional investors and board governance

C Liu, A Low, RW Masulis… - The Review of Financial …, 2020 - academic.oup.com
Boards are crucial to shareholder wealth. Yet little is known about how shareholder
oversight affects director incentives. Using exogenous shocks to institutional investor …

The power of shareholder votes: Evidence from uncontested director elections

R Aggarwal, S Dahiya, NR Prabhala - Journal of Financial Economics, 2019 - Elsevier
This paper asks whether dissent votes in uncontested director elections have consequences
for directors. We show that contrary to popular belief based on prior studies, shareholder …

Corporate governance and earnings management: evidence from shareholder proposals

Z Fan, S Radhakrishnan… - Contemporary Accounting …, 2021 - Wiley Online Library
We examine the causal effects of corporate governance on earnings management using
shareholder‐sponsored proposals that pass or fail by a small margin of votes in annual …

Earnings forecasts of female CEOs: quality and consequences

C Francoeur, Y Li, Z Singer, J Zhang - Review of Accounting Studies, 2023 - Springer
This study examines the voluntary disclosure of earnings forecasts by female CEOs. We find
that in the backdrop of increased pressure to perform from investors and other stakeholders …

Peer effects in corporate governance practices: Evidence from universal demand laws

P Foroughi, AJ Marcus, V Nguyen… - The Review of …, 2022 - academic.oup.com
Firms in the same networks tend to have similar corporate governance practices. However,
disentangling peer effects, where governance practices propagate from one firm to another …

[PDF][PDF] Gender quotas and support for women in board elections

M Gertsberg, J Mollerstrom, M Pagel - 2021 - aeaweb.org
We study shareholder support for corporate board nominees before and after the 2018
California gender quota. Pre-quota, new female nominees received greater support than …

Vote avoidance and shareholder voting in mergers and acquisitions

K Li, T Liu, J Wu - The Review of Financial Studies, 2018 - academic.oup.com
We examine whether, how, and why acquirer shareholder voting matters. We show that
acquirers with low institutional ownership, high deal risk, and high agency costs are more …