executives and boards, driven in large part by their perceptions of shareholder interest. We quantify the value that shareholders … place on ESG using a revealed preference approach, where shareholders pay higher fees for ESG-oriented index funds in …

can be detrimental to firm value creation. Drawing upon agency theory and the governance law literature, we examine the … effects of a new SEC rule designed to lessen managerial power by increasing large, long-term shareholders' influence in the … bondholders, and find evidence that it is also value increasing. We conclude by discussing important implications for theory and …