We examine how boardroom gender diversity reforms impact the monitoring role of institutional investors. Using reforms from 25 countries that aim to improve gender diversity on boards, we find that the reforms increase the association between institutional ownership and subsequent female...

Gender diversity on corporate boards is a popular topic both in academic and in business publications, but the focus is typically on ‘how' rather than ‘why'. This paper argues that the motivation for seeking to increase the number of women on boards necessarily affects the means of achieving...

The financial crisis of 2008 and the resulting economic recession have cruelly exposed weaknesses in corporate oversight at all levels – organizational, sector, national, and international. Consequently stakeholders are now demanding higher standards of corporate oversight to provide them with...

Today, business corporations across the globe are moving beyond the short-term myopic goal of profit maximization to long-term sustainability goals involving environmental, social and corporate governance (ESG) goals. This is due to the growing realization that ESG factors constitute a...

We examine how CEO birthplace identity affects firm corporate social responsibility (CSR)activities. CEOs heading firms located in their home birth counties are associated with higherlevels of CSR. The relation is more pronounced for CEOs with deeper home connections.Importantly, CSR activities...

Existing research and practical evidence highly question whether institutional investor truly walk the talk when it comes to fostering corporate sustainability (CS) in their investee companies, or merely engage in greenwashing. This study investigates how responsible institutional investors...

This paper examines the hypothesis that religious firms are more socially responsible. By utilizing a novel measure of religiosity that reflects firm-level adherence to Christian values, we find that religiousness is positively associated with the CSR engagement of large U.S. firms after...