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This paper tests whether very diversified and patient investors, also known as universal owners, tend to vote in favor of shareholder resolutions instructing corporations to reduce or communicate on the negative externalities they produce. Our sample includes 213 US fund families that voted on...
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We construct a novel data set to show that, between 2003-2020, up to one-fifth of America’s largest firms had a non-financial blockholder or insider as their largest shareholder. Blockholders and insiders tend to be less diversified than institutional investors. Measures of “universal” and...
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financial performance of manufacturing firms in Ghana. The study uses GLS regression to analyze a panel dataset of 7 … manufacturing firms. Block shareholdings of the listed manufacturing firms in Ghana play a significant moderating role in the … corporate governance activities and the eventual impact on the financial performance of manufacturing firms in Ghana, a …
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