Presentations (15)
Passive Investors, Not Passive Owners1 Ian R. Appel2, Todd A. Gormley3, and Donald B. Keim4 September 4, 2015 Abstract Passive institutional investors are an increasingly important component of U.S. stock ownership, and their influence on firm-level governance is widely debated. To examine whether and by which mechanisms passive investors influence firms’ governance structures, we use...
RESEARCH INSIGHT BEYOND DIVESTMENT: USING LOW CARBON INDEXES Remy Briand, Linda-Eling Lee, Sébastien Lieblich, Véronique Menou and Anurag Singh April 2015 APRIL 2015 BEYOND DIVESTMENT: USING LOW CARBON INDEXES | APRIL 2015 CONTENTS Executive Summary............................................................................ 3 Introduction...
The Corporate Risk Factor Disclosure Landscape January 2016 The Investor Responsibility Research Center Institute (IRRCi) wishes to thank Ernst & Young ...
RESEARCH INSIGHT BEYOND DIVESTMENT: USING LOW CARBON INDEXES Remy Briand, Linda-Eling Lee, Sébastien Lieblich, Véronique Menou and Anurag Singh April 2015 APRIL 2015 BEYOND DIVESTMENT: USING LOW CARBON INDEXES | APRIL 2015 CONTENTS Executive Summary............................................................................ 3 Introduction...
Poison Puts: Corporate Governance Structure or Mechanism for Shifting Risk? Frederick L. Bereskin Assistant Professor Department of Finance Lerner College of Business & Economics University of Delaware, Newark, DE 19716 bereskin@udel.edu Helen Bowers Associate Professor Department of Finance Lerner College of Business & Economics University of Delaware, Newark, DE...
ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) SURVEY CFA Institute June 2015 TABLE OF CONTENTS About The Survey 03 Survey Results 04 Respondent Profile 17 Appendix: Data Tables & Comments 20 2 ABOUT THE SURVEY Background & Purpose The purpose of this survey is to better understand the perceptions of CFA Institute membership concerning ESG issues and ESG data, as well as...
The Materiality of Human Capital to Corporate Financial Performance by Aaron Bernstein and Larry Beeferman April 2015 This research was funded by the Investor Responsibility Research Center Institute (IRRCi) and co-authored by Larry Beeferman and Aaron Bernstein with the Labor and Worklife Program at Harvard Law School. The analysis, opinions and perspectives herein are the sole responsibility...
IRRCi Research Report The Alignment Gap Between Say on Pay Voting and Creating Value The analysis, opinions and perspectives herein are the sole responsibility of the authors. The copyright for this report is held by the IRRC Institute. The material in this report may be reproduced and distributed without advanced permission, but only if attributed. If reproduced substantially or entirely, it...
The Alignment Gap Between Creating V alue, Performance Measurement, and Long - Term Incentive Design
IRRCi Research Report The Alignment Gap Between Creating Value, Performance Measurement, and Long-Term Incentive Design The analysis, opinions and perspectives herein are the sole responsibility of the authors. The copyright for this report is held by the IRRC Institute. The material in this report may be reproduced and distributed without advanced permission, but only if attributed. If...
Nanotechnology and the S&P 500: Small Sizes, Big Questions By Susan L. Williams October 2014 Si2 Nanotechnology and the S&P 500: Small Sizes, Big Questions – 2 Acknowledgments Authored by Commissioned by About the Author The Sustainable Investments Institute (Si2), a nonprofit organization based in Washington, D.C., conducts impartial research and...
ON THE IMPACT AND FUTURE OF HFT W H I T E PA P E R Khaldoun Khashanah Ionut Florescu Steve Yang Financial Engineering Division School of Systems and Enterprises Stevens Institute of Technology May 10, 2014 This work was supported by the Investor Responsibility Research Center Institute. ON THE IMPACT AND FUTURE OF HFT ABSTRACT This white paper informs on the state of high frequency...
What investors need to know about cybersecurity: How to evaluate investment risks June 2014 PwC’s Investor Resource Institute Through the Investor Resource Institute, PwC strives to provide insights to, and receive insights from, the investment community. We offer our views on accounting, auditing, corporate reporting, data security, and a myriad of other issues; as well as...
Playing it Safe? Managerial Preferences, Risk, and Agency Conflicts* Todd A. Gormley† and David A. Matsa‡ June 6, 2014 Abstract This paper examines risk-averse managers’ incentive to “play it safe” by taking valuedestroying actions that reduce their firms’ risk of distress. We find that, after managers are insulated by the passage of...
Informed Options Trading prior to M&A Announcements: Insider Trading?∗ Patrick Augustin† Menachem Brenner‡ Marti G. Subrahmanyam§ McGill University, Desautels New York University, Stern New York University, Stern First Draft: September 2013 This Draft: May 2014 Abstract We investigate informed trading activity in equity options prior to the...
