Corporate ESG performance has received widespread attention recently, and how to improve it has become an important academic question. This paper analyses the effect of equity concentration on corporate ESG performance and how it acts by using the data of listed companies in China. The result...

This study explores the behavior of underperforming chief executive officers (CEOs) on merger frequency and the effect on acquirers’ shareholder wealth of merger bids in U.S. industrial firms from 1994 to 2018. We find that underperforming CEOs are more likely to make acquisitions, especially...

The Indian corporate landscape is witnessing a sharp increase in the number of cases revolving around shareholder activism wherein activist investors are no longer content to merely being passive owners and are exercising their will by virtue of their voting rights in general meetings. This...

Using a sample of publicly listed firms from 2004 to 2018 in China, we find that the shareholder interlock directors, who jointly hold board positions both in the listed firm and their shareholding firms, can have a positive influence on the performance and governance of the listed firm. Our...

We investigate environmental, social, and governance (ESG) and firm value effects of more than 7,000 shareholder proposals submitted between 2006–2020. Using propensity score matching and a difference-in-differences setting, the results indicate that firms that receive an ESG- or...

The right to expression of shareholders is a fundamental right of oversight counter balancing directors’ exercise of power. Companies are not simply economic institutions. They are also social institutions, organisations expressing values including expressions of political views. The views of...