We address how mutual funds vote on shareholder proposals and identify factors that help determine support of wealth-increasing shareholder proposals. We examine 213,579 voting decisions made by 1799 mutual funds from 94 fund families for 1047 shareholder proposals voted on between July 2003 and...

This paper investigates the causal impact of short-sale constraints on the idiosyncratic volatility (IVOL) puzzle. Our identification strategies rely on two opposing exogenous shocks to short-sale constraints: (1) Regulation SHO which relaxes constraints for pilot stocks; (2) the Job and Growth...