, incentives for asset hoarding …

research suggesting that shareholders and proxy advisors fail to consider portfolio incentives when making Say-on-Pay decisions …. It then argues that when deciding how to vote in Say-on-Pay, shareholders should consider portfolio incentives, which … advise shareholders how to vote on various matters, including Say-on-Pay – should also consider portfolio incentives when …

We use a unique dataset of European performance-fee mutual funds to examine the interaction between explicit incentives … (performance fees) and implicit incentives (fund flows) of asset managers. Funds with performance fees face substantially steeper … implicit incentives compared to non-performance-fee funds. Among performance-fee funds, investors' flows depend on the …

Traditional finance theory suggests that riskier investments should yield higher returns. Challenging this notion … aversion, resulting in lower return investment choices. Therefore, we assess whether incentives associated with stock option … greater risk aversion rather than excessive risk-taking. Overall, our results imply that risk-taking incentives (i.e., vega …