Shareholder activism: A multidisciplinary review

M Goranova, LV Ryan - Journal of Management, 2014 - journals.sagepub.com
Shareholder activism has become a dynamic institutional force, and its associated, rapidly
increasing body of scholarly literature affects numerous disciplines within the organization …

Thirty years of shareholder activism: A survey of empirical research

MR Denes, JM Karpoff, VB McWilliams - Journal of Corporate Finance, 2017 - Elsevier
We summarize and synthesize the results from 73 studies that examine the consequences of
shareholder activism for targeted firms, and draw two primary conclusions. First, activism that …

Corporate green bonds

C Flammer - Journal of financial economics, 2021 - Elsevier
I examine corporate green bonds, whose proceeds finance climate-friendly projects. These
bonds have become more prevalent over time, especially in industries where the …

Divergent ESG ratings

E Dimson, P Marsh, M Staunton - The Journal of Portfolio …, 2020 - pm-research.com
Responsible investors require data to underpin their stock and sector selections. Regardless
of the rating agency, bond ratings for a particular issuer are broadly similar. This is not the …

Active ownership

E Dimson, O Karakaş, X Li - The Review of Financial Studies, 2015 - academic.oup.com
We analyze an extensive proprietary database of corporate social responsibility
engagements with US public companies from 1999–2009. Engagements address …

Hedge fund activism, corporate governance, and firm performance

A Brav, W Jiang, F Partnoy, R Thomas - The Journal of Finance, 2008 - Wiley Online Library
Using a large hand‐collected data set from 2001 to 2006, we find that activist hedge funds in
the United States propose strategic, operational, and financial remedies and attain success …

Connecting the dots: Bringing external corporate governance into the corporate governance puzzle

RV Aguilera, K Desender, MK Bednar… - … of Management Annals, 2015 - journals.aom.org
Corporate governance (CG) research has largely focused on internal governance
mechanisms (ie the board of directors, controlling owners, and managerial incentives) …

The evolution of shareholder activism in the United States

SL Gillan, LT Starks - 2007 - books.google.com
Shareholder activism in the Untied States is by no means a new phenomenon. In the early
1900s, American financial institutions such as insurance companies, mutual funds, and …

Entrepreneurial shareholder activism: Hedge funds and other private investors

A Klein, E Zur - The Journal of Finance, 2009 - Wiley Online Library
We examine recent confrontational activism campaigns by hedge funds and other private
investors. The main parallels between the groups are a significantly positive market reaction …

Red and blue investing: Values and finance

H Hong, L Kostovetsky - Journal of financial economics, 2012 - Elsevier
Using data on the political contributions and stock holdings of US investment managers, we
find that mutual fund managers who make campaign donations to Democrats hold less of …