We study fund-firm connections that arise when firm executives and directors serve as fund directors. We find that connected funds are significantly more likely to vote with management in proposals with negative ISS recommendations or low shareholder support. As our data shows that management...

Institutional investors' proxy voting decisions are influenced by their neighbors. I identify peer effects in proxy voting by exploiting the variation in the voting behavior of publicly traded financial institutions induced by close-call votes on shareholder-sponsored governance proposals at...