the significant role of customized proxy advice in shaping shareholders' voting decisions. About 80% of funds receive … plays two key roles. First, it helps shareholders express their ideologies through the vote. Second, it facilitates … shareholders' decision-making process by reducing the need to pay attention to every proposal individually and enabling focus on …

position to benefit themselves at the expense of minority shareholders -- were endemic to corporations in the late …, however, was to give controlling shareholders the power to extract more than their fair share of their enterprise's profits …

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 …

subscribers) by a proxy advisor, whose objective is to maximize its profits from selling information to shareholders. We show that … even if all shareholders' interests are aligned and aim at maximizing firm value, the proxy advisor benefits from biasing … results help reinterpret empirical patterns of shareholders' voting behavior …

associated with controlling shareholders who hold a majority of the cash flow rights in their companies. The agency costs of …

problem: it favors the preferences of the wealthy. If shareholders have extreme views, there can be a backlash against ESG …

have different types of controlling shareholders and wedges between voting and economic rights. We find that the founders …