Papers & Opinions

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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