We examine the relation between corporate governance and managerial risk-taking behavior. In light of the global financial crisis, the importance of effective governance structures in protecting claimholder interests cannot be emphasized enough. For corporate governance, we propose to include...

Recent research on blockholders focuses on activist hedge funds and documents positive stock but negative bond returns. This study investigates the role of blockholder heterogeneity on security market effects and target firm follow-on activities across three important dimensions: identity,...