Quid Pro Quo? Private Information Flows in Shareholder Activism: Evidence from Mutual Fund Families
ABSTRACT This paper hypothesizes that information flows from target firms to large shareholders during activist campaigns and that these flows have governance consequences. Focusing on actively managed mutual fund families, we find that informed trading by large‐holding fund families increases during activist campaigns relative to smaller‐holding fund ...
EUNJEE KIM, HAI PHAM
wiley +1 more source
FINANCIAL CRISIS AND THE PENSION SYSTEM [PDF]
Currently, public pension systems PAY-AS-YOU-GO (PAYG) from more countries in the world based solely on solidarity between generations are facing increasingly difficult problems to solve. Causes due to evolution.
Assoc. Prof. Narcis Mitu Ph. D +1 more
core
Incidence, Risk, and Disclosure of Corporate Litigation: Insights from Federal Court Filings
ABSTRACT We assemble and describe a sample of 174,782 lawsuits filed against 218,437 public‐company lawsuit‐defendants in federal district court from 2006 to 2021. These lawsuits involve an array of allegations, including product liability, civil rights discrimination, contract breaches, improper compensation and labor practices, antitrust violations ...
MARY BROOKE BILLINGS +3 more
wiley +1 more source
The effect of private pension funds’ bidding on fees and competition
This paper sheds light on the effect of bidding recent private pension funds on fees and competition. In order to accomplish the latter result, we used panel data of ten Latin American countries organized in quarters from 2005-2015. The reform of the private pension system in some countries in the region allows for the implementation of a mechanism of ...
openaire +2 more sources
The political economy of pensions : power, politics and social change : a comparative study of Canada, Britain and the United States [PDF]
This thesis suggests that the pension systems in the advanced capitalist countries of Canada, Britain and the United States are on the verge of a crisis and that the problems associated with the marginalization and immiseration of the elderly, the ...
Deaton, Richard Lee
core
Pseudonyms, Propaganda, and Prints: The Life and Political Caricatures of William Dent, 1782–931
Abstract ‘Dent was probably an amateur and nothing is known of his life’, state Bryant and Heneage. Despite contributing to caricature's ‘golden age’, William Dent remains overlooked compared to contemporaries like James Gillray. Dent's extensive portfolio (1782–93) and rumoured role as a Pittite propagandist have not secured his place in the canon of ...
Callum D. Smith
wiley +1 more source
This paper focuses on the comparison of financial performance of the Czech voluntary private pension scheme with five other reformed private pension schemes in the region of Central Eastern Europe (Bulgaria, Croatia, Hungary, Poland and Slovak Republic).
Jan Hlaváč
core
The Weaponization of ESG Infrastructures and the Future of Green Finance
ABSTRACT The trillion‐dollar green finance industry faces growing pushbacks from a range of actors. While criticisms vary—from portraying ESG as part of a “woke” agenda to highlighting risks of greenwashing—we now see mass departures from climate–finance initiatives, with asset managers coming under fire from regulators over ESG policies and activist ...
Annika Stenström
wiley +1 more source
Optimal Investment Strategies and Performance Sharing Rules for Pension Schemes with Minimum Guarantee [PDF]
There is a potential conflict of interest between a pension fund sponsor and future pensioners when they share unequally in the pension fund performance.
Jacques Pézier, Johanna Scheller
core
Five Principles for a New Economic Consensus
ABSTRACT This paper puts forward five principles for a new economic consensus, which could serve as a modern alternative to the Washington Consensus of 35 years ago. They are built on new ideas that have gained currency in economics over the past three decades. We also provide examples of the policies that could follow from these principles.
Timothy Besley, Andrés Velasco
wiley +1 more source

