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Although a growing number of investors are engaging with sovereign entities on environmental, social, and governance (ESG) issues, little academic research investigates this new form of investor activism. Applying universal ownership theory and drawing on eleven case studies of policy...
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shareholders’ actual power to take up the task that financial law gives them, and there is currently no European or international …) issues as matters of strategy and statutorily attribute substantive competence for such matters not to the shareholders … shareholders meeting to amend the company’s constitutional documents …
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Using a large sample over the period 1986 to 2017, we show that companies with higher exposure to climate change risk induced by sea-level rise (SLR) tend to acquire firms that are unlikely to be directly affected by SLR. We find that acquirers with higher SLR exposure experience significantly...
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world with the growing importance of climate change. Succumbing to increasing pressure, companies and financial institutions … around the world have come to adopt net-zero transition plans and targets, pledging to hit certain emission-reduction targets … in a long-term period. Moreover, regulators around the world have started to require the disclosure or adoption of net …
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