Shareholder voting and corporate governance
D Yermack - Annu. Rev. Financ. Econ., 2010 - annualreviews.org
This article reviews recent research into corporate voting and elections. Regulatory reforms
have given shareholders more voting power in the election of directors and in executive …
have given shareholders more voting power in the election of directors and in executive …
An integrative review of the emerging behavioral acquisition literature: Charting the next decade of research
Our review of acquisition research from the 2008 to 2018 period shows that a large and
quickly growing portion of this work has focused on the behavioral aspects of acquisitions …
quickly growing portion of this work has focused on the behavioral aspects of acquisitions …
The big three and corporate carbon emissions around the world
This paper examines the role of the “Big Three”(ie, BlackRock, Vanguard, and State Street
Global Advisors) on the reduction of corporate carbon emissions around the world. Using …
Global Advisors) on the reduction of corporate carbon emissions around the world. Using …
The big three and board gender diversity: The effectiveness of shareholder voice
Abstract In 2017,“The Big Three” institutional investors launched campaigns to increase
gender diversity on corporate boards. We estimate that their campaigns led American …
gender diversity on corporate boards. We estimate that their campaigns led American …
Selecting directors using machine learning
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 …
predicted by algorithms to perform poorly indeed do perform poorly compared to a realistic …
Are mutual funds active voters?
Mutual funds vary greatly in their reliance on proxy advisory recommendations. Over 25% of
funds rely almost entirely on Institutional Shareholder Services (ISS) recommendations …
funds rely almost entirely on Institutional Shareholder Services (ISS) recommendations …
Institutional and legal context in natural experiments: The case of state antitakeover laws
We argue and demonstrate empirically that a firm's institutional and legal context has first‐
order effects in tests that use state antitakeover laws for identification. A priori, the size and …
order effects in tests that use state antitakeover laws for identification. A priori, the size and …
Shareholder activism and CEO pay
We study 134 vote-no campaigns and 1,198 shareholder proposals related to executive pay
between 1997 and 2007. Union pension funds sponsor most of these initiatives, yet their …
between 1997 and 2007. Union pension funds sponsor most of these initiatives, yet their …
Accountability of independent directors: Evidence from firms subject to securities litigation
We examine which independent directors are held accountable when investors sue firms for
financial and disclosure-related fraud. Investors can name independent directors as …
financial and disclosure-related fraud. Investors can name independent directors as …
Bringing darkness to light: The influence of auditor quality and audit committee expertise on the timeliness of financial statement restatement disclosures
This study investigates whether auditor quality and audit committee expertise are associated
with improved financial reporting timeliness as measured by the duration of a financial …
with improved financial reporting timeliness as measured by the duration of a financial …