The U.K.'s 1992 Cadbury Report defines corporate governance (CG) as the system by which businesses are directed and controlled. CG codes are a set of best practices designed to address deficiencies in the formal contracts and institutions by suggesting prescriptions on the preferred role and...

Universal owners can systemically diffuse their investment preferences to a large share of the market. We use the unexpected release of a corporate governance expectation document by Norway's sovereign wealth fund as a natural experiment to understand how active universal investors can influence...

After decades of being primarily a US-based phenomenon, the globalization of hedge fund (HF) activism is increasing at an unprecedented speed. In this chapter, we provide an overview of the current knowledge on HF activism by systematically comparing the phenomenon in the US and outside the US...

This article is the incoming editorial to the special issue "Review of Corporate Governance", which was published in 2016 in "Corporate Governance: An International Review". The Guest Editors summarise the articles published in the special issue and introduce several new research directions and...

We seek to bring to the core of the study of comparative corporate governance analysis the idea that within countries and industries, there exist multiple configurations of firm level characteristics and governance practices leading to effective corproate governance. In particular, we propose...

To analyze the effectiveness of HRM strategies as a mechanism for achieving synergies, we incorporate the post-acquisition resource flows and the need for structural integration into Aguilera and Dencker’s (2004) framework that considers both national institutional environments and the...

This paper describes corporate governance systems in five Latin American countries: Argentina, Brazil, Chile, Colombia and Venezuela. We account for the broader institutional environment by explaining changes over time as well as existing corporate governance systems. We use a stakeholder...

Over the past twenty years, research on social embeddedness and socially embedded exchange has grown to occupy a prominent place in organizational theory research. But while a large volume of research makes reference to the construct of social embeddedness, few papers have attempted to assess...