corporate governance

    Papers & Opinions

    Corporate finance

    Consuming Values

    Paper

    Posted on 9 December 2024

    By Jacob Conway

    We study the extent to which individuals' consumption decisions are influenced by firms' stances on controversial social issues and the implied incentives for firms to take such stances. We use...
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    Corporate finance | Theory

    Voting on Public Goods: Citizens vs Shareholders

    Paper

    Posted on 10 July 2024

    By Magdalena Rola-Janicka

    We study the interplay between a "one person-one vote" political system and "one share-one vote" corporate governance regime. The political system sets Pigouvian subsidies, while corporate governance determines firm-specific public...
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    Empirics | Financial markets | Media

    Corporate Response to the Black Lives Matter Movement

    Paper

    Posted on 30 June 2022

    By AJ Chen

    We investigate determinants that encourage companies to speak out via twitter or their websites in support of Black Lives Matter (BLM) after the death of George Floyd on May 25,...
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    Corporate finance | Regulation | Theory

    Voting and Trading: The Shareholder’s Dilemma

    Paper

    Posted on 22 October 2021

    By Shaoting Pi

    We study firm governance when shareholders strategically vote and buy/sell shares. We find that voting for the better policy maximizes portfolio value only when pivotal; otherwise, it is better to...
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