The paper examines whether the fund managers in a given investing institution behave in a co-ordinated manner, in terms of their trading around the announcement of a major takeover by a company in which the institution has two or more separate holdings. Our data show that many institutional...

We examine shareholder monitoring in the context of executive pay–carbon performance sensitivity among U.S. firms. While corporates are under pressure to curb their greenhouse gas emissions, still little is known about the incentive structures for managers in this context. We document that a...