Despite claims that CEO compensation contracts are increasingly complex, little is known about the extent to which they are, what drives that complexity, and its implications. We develop a new measure of compensation contract complexity and find that complexity relates to factors capturing firm...

We document evidence that mutual funds designated as “Sustainable Investment Overall” by Morningstar (which we classify as ESG mutual funds) are no more likely than other mutual funds to support shareholder proposals. We find, however, that ESG mutual funds are more likely than non-ESG...