Purpose: In most financial institutions, chief risk officers (CROs) and their risk management staff fulfill a role in managing risk exposures, yet their lack of involvement in the governance has been cited as an influential factor that contributed to the financial crisis of 2007-2008. Various...

In this paper, we investigate whether institutional investors intervene in firms in order to impact their incentive systems. We use metrics based on geographic distance between institutional investors as proxies for the intensity of their strategic interactions and plausible interventions. We...

This internet appendix provides additional analyses and robustness checks to support the main findings of the paper.The paper, Teaming Up and Quiet Intervention: The Impact of Institutional Investors on Executive Compensation Policies, may be found at: 'http://ssrn.com/abstract=2475347'...