This study revisits the Bowman's (1980, 1984) risk-return Paradox using accounting risk and return proxies, for 1004 Indian firms, existing continuously between 2000 to 2015. We find strong evidence of a ‘partial' paradox. Firms which are poorly performing or below-median in the ranking...

The current study explores the influence of institutional investors on the environmental, social, and governance ( ESG ) performance of their portfolio companies. We conduct panel fixed effect analysis on a comprehensive cross-country data set and show that institutional investment has a...

Research on firm's motivation to undertake search behaviors in situations of positive and negative performance feedback is limited in empirical literature. In addition, the role of institutionalized corporate governance mechanisms in mediating firm's aspiration-driven search behaviors is yet to...