This study examines CEO compensation in family firms, with a particular focus on the effects exerted by governance characteristics such as ownership concentration, wedge between voting and cash-flow rights rights, and the presence of shareholder agreements. On a sample of Italian listed...

We investigate say-on-pay (SOP) voting outcomes in a country (Italy) where ownership structure is concentrated by regressing shareholder dissent on a comprehensive set of independent variables (spanning from remuneration structure and disclosure to corporate governance), coming from the Italian...

Institutional investors are often criticized for their insufficient "engagement" with listed companies. Actually, information and other transaction costs limit their capacity to actively monitor investee firms, and to engage with their management. A partial solution is offered by Proxy Advisors...