Environmental finance has gained considerable attention globally as an emerging
interdisciplinary research area. This study uses bibliometric analysis to systematically review …

Abstract Research Question/Issue Short‐termism is increasingly seen as a problem for
developing sustainable and responsible business. We posit that a long‐term ownership …

What is the appropriate objective function for a firm? We analyze this question for the case
where shareholders are prosocial and externalities are not perfectly separable from …

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

We seek to contribute to understanding index fund stewardship by providing a
comprehensive theoretical, empirical, and policy analysis of such stewardship. We put …

Due to the embrace of modern portfolio theory, most of the stock market is controlled by
institutional investors holding broadly diversified economy-mirroring portfolios. Recent …

The specter of climate change poses the greatest governance challenge of our generation.
Climate change threatens to exact costs on society that will last for generations. 2 Its …

Few topics are sexier among commentators on corporate governance now than whether
activist hedge funds are good for, a danger to, or of no real consequence to public …

Environmental and social (ES) funds in non-ES families must balance incorporating the
stakeholders' interests they advertise and maximizing shareholder value favored by their …

BUYER BEWARE: VARIATION AND OPACITY IN ESG AND ESG INDEX FUNDS Page 1
BUYER BEWARE: VARIATION AND OPACITY IN ESG AND ESG INDEX FUNDS Dana Brakman …