Oxford Business Law Blog

Introduction Institutional investors (and among these, investment funds) play a key role in financial markets' development. They represent the world's largest source of equity capital, contribute to...

In our paper, 'Common Ownership and Voluntary Disclosure', which was recently made available on SSRN, we predict and find that common ownership is associated with increases in firms' voluntary public...

Activist hedge funds increasingly seek and secure board representation in public companies. Representation on target boards may signal a longer-term commitment to target companies that can mitigate...

What’s not to like about a broad set of principles that guide investor stewards in their responsibilities to their pension fund beneficiaries or investors? For example, the Investor Stewardship Group...

In a corporate governance landscape characterized by the growing importance of institutional shareholder engagement, board-shareholder dialogue is becoming an increasingly common practice both in the...

In a recent paper that we have published in the Journal of Business Finance and Accounting, we investigate the role of foreign shareholders in improving the quality of accounting information provided...

Drawing on the disconnect that currently exists between the social expectations associated with the corporate governance role of institutions and the institutions’ private interests, our article...

Fiduciary duties are foundational for institutional investors. The interpretation of these duties frames investment time-horizons, strategies and objectives, and defines those features of the...

For the greater part of the twentieth century the role of shareholders within the public corporation has been conceptualized within the contractarian framework influenced by the neo-liberal emphasis...

Concerns about the governance of public corporations have taken center stage in recent years. Part of the debate on improving governance has focused on policies that will give large shareholders...

At the recent Conference of the Parties “COP21” in Paris, 195 countries adopted the first-ever “universal, legally binding global climate deal”, committing to limit global warming to below 2°C above...