We present evidence on the way personal and institutional factors could together guide public company directors in decision-making concerning shareholders and stakeholders. In a sample comprising more than nine hundred directors originating from over fifty countries and serving in firms from...

This study investigates whether the stewardship code mitigates the free-rider problem of institutional investors. We construct panel data of listed firms in 56 countries and examine the effects of the introduction of stewardship codes in 13 countries using a difference-in-differences approach....

Stakeholder-, Shareholder Value und Corporate Governance gelten seit den 90er Jahren als zentrale Wirtschaftsbegriffe des globalen Kapitalismus. Ihre Bedeutung aus finanzsoziologischer Sicht ist jedoch weitgehend unerforscht. Vor dem Hintergrund der strukturellen Wandlungen im globalen...