This study investigates how the heterogeneity of shareholders’ financial and social interests creates tension around competing interpretations of the purpose of the corporation, particularly regarding their incompatibility and relative prevalence of initiatives that extend beyond profit maximization.
We investigate the occurrence and the persistence of environmental, social, and governance (ESG) decoupling when firms are exposed to heterogeneity in shareholder proposal activism, reflected by the different orientation of shareholder activists and the competing nature of their demands.
Um guia prático e conceitual sobre os impactos da IA na gestão, voltado para líderes e tomadores de decisão.
In this article, we propose a typology of firms’ projects drawing on parameters stemming from recent advancements in creativity theory: opacity and unlikelihood.
This article investigates how the disclosure of financially material information relates to corporate risk using the SASB materiality framework.
We examine the role of country-level legal investor protection (i.e., shareholder and creditor protection) on firm investment–cash flow sensitivity.
This paper investigates how competition affects firms' environmental, social, and governance (ESG) practices in 22 emerging markets.
Can risk-taking and rule-taking explain zero-leverage firms?
This research analyzes the relationship between the presence of blockholders and the value of Brazilian firms.
A framework of uncertainty taking and its implications for Agency Theory.
We investigate specific characteristics of the board of directors: the number of directors' directorships and the number of committee positions.
About Open Science mechanisms, data sharing, and the context for tutorial-articles.
We investigate whether a bankruptcy reform, which increased creditors' protection, affected the risk taking of Brazilian firms.
This study examines the effects of the firm's ownership concentration and its institutional environment on corporate debt maturity choices.
We investigate whether investor protection is associated with how entrenched managers set corporate cash holdings.
This study investigates the interplay between country-level governance quality and the capital structure choice at the firm level in Brazil and Chile.
A Systematic Review surveying 192 cross-national comparative studies to synthesize the interplay between country- and firm-level governance.