an information ea between management and outside shareholders. In the presence of such a gap, maximizing short-run and … actions that will reduce long-run value. In such a case, management faces the dilemma of which shareholders to please: those …

they had in 2016. Firms increased diversity by identifying candidates beyond managers' existing networks and by placing …

with theory of the firm based on conflicts of interests between shareholders and stakeholders, we find that establishments … of firms that experience an increase in ownership by larger and more concentrated institutional shareholders have lower … local labor markets, and for dedicated and activist institutional shareholders. The labor losses are accompanied by higher …

resurrection" strategy. Moreover, the strength of corporate governance influences shareholders' capacity to align executive …

constraints that act on these processes, leave managers with considerable power to shape their own pay arrangements. Examining the …

excess leverage, agency conflicts between shareholders and managers, negative welfare effects of transparency, excess … aggregation for corporate risk-taking and investment. Market imperfections cause controlling shareholders to invest too much in … shareholders' collective attempts to boost shareholder value of individual firms leads to a novel pecuniary externality that …

executives and boards, driven in large part by their perceptions of shareholder interest. We quantify the value that shareholders … place on ESG using a revealed preference approach, where shareholders pay higher fees for ESG-oriented index funds in …