shareholders have weaker turnover-performance link. Consistent with the "law and finance" approach to corporate governance and the …

the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …We document that trust in public institutions – and particularly trust in banks, business and government – has declined … over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in …

stereotype of risk averse and less competitive older employees. …

shareholders with a regular vote on executive pay. We apply a regression discontinuity design to the votes on shareholder … levels and structure. This suggests that SoP serves as a regular vote of confidence on the CEO, which leads to higher …

. Third, and most importantly, making shareholders the ultimate owner of the firm provides the best possible diversification … of firm-specific risks. Whereas globalisation has increased firm-specific risk by intensifying competition, globalisation … of capital markets has also greatly increased the scope for diversification of firm-specific risk. Diversification of …

large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the …