Earth Day 2021: How shareholder advocacy can make a difference Earth Day occurs on April 22, as it has since its founding in 1970. Some credit Earth Day’s establishment as the beginning of the modern environmental movement. As a child, I remember attending school assemblies commemorating Earth Day. Speakers stressed the era’s key environmental themes […]
Exit vs Voice? (link) Which strategy is most effective in moving us in a positive direction? Although most investors, especially retail investors, appear focused on exit by moving to ESG funds, the authors conclude voice is the more effective tool. From the abstract: We study the relative effectiveness of exit (divestment and boycott) and voice […]
Carl Gershenson – “Protecting Markets from Society: Non-Pecuniary Claims in American Corporate Democracy” forthcoming in Politics & Society looks at the role of the state as ‘market protector.’ Protecting us from inside trading, pump and dump schemes, policing market players? Yes, that may be the primary duty of agencies such as the SEC. However, Gershenson turns our attention to […]
SSRN, the Social Science Research Network, is one of the best sources for academic research on corporate governance. What follows are brief highlights from four recent papers in corporate governance related topics. You may find SSRN research on corporate governance of interest. Does Corporate Governance Quality Affect Analyst Coverage? Evidence from the Institutional Shareholder Services (ISS) Chintrakarn, […]