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 …

Passively managed funds have grown to become some of the largest shareholders in publicly traded companies, but there …

shareholder meetings. We focus on settings with homogeneous shareholders (i.e., agents with common preferences and opinions … homogeneous shareholders models has over-reached. Counter to the received wisdom, these models can explain increases in trading …, when homogeneous shareholders anticipate that firm decisions will be guided by information, the presence of differences in …

This paper studies voting in shareholders meetings. We focus on the informational efficiency of different voting … mechanisms, taking into account that they affect both management's incentives before the meeting and shareholders' decisions at … effect of worse selection incentives on shareholders' welfare can be large enough to wash out the higher voting efficiency of …

. These new entrants are twice as likely to create power plants as incumbents. They owned 58% of wind, 47% of solar, and 34 … power plants with a lower heat rate and improve the efficiency of acquired plants. Our results also highlight an important …

Shareholder power in the US grew over recent decades due to a steep rise in concentrated institutional ownership. Using … 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 …

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

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