Institutional sponsors increasingly seek outside help in investment management by delegating manager selection and capital allocation decisions to external lead managers. Whether this enhances performance, however, is yet to be examined. We fill the gap using a unique dataset of Korean...

This study investigates the impact of ESG rating disagreements on stock performance in the Chinese A-share market, focusing on immediate and short-term market reactions and the risk of future stock price crashes. Using data from the Shanghai and Shenzhen stock exchanges, we analyze 17,006...

In this paper, we explore the relationship between CEO's political preference and post-retirement directorship holding by individual CEOs. We test a hypothesis that CEO's political preference might be a signal for (potential) political network in the professional labor market. We use a data set...