We investigate the structure of mutual funds' corporate governance preferences as revealed by how they vote their shares in portfolio companies. We apply standard unsupervised learning tools from the machine learning literature to analyze a comprehensive dataset of mutual funds' votes and find...

Exploiting a hand-collected database with almost 2200 firms during 1996-2014, I analyze the relationship between the presence of poison pills and firm value. Consistent with earlier results, I document a strong negative association between pills and firm value cross-sectionally and within firm....