Creating Controversy in Proxy Voting Advice

The clients of the largest proxy advisor, Institutional Shareholder. Services (ISS), include about 1,500 institutional investors, which cast more than 12 ...

We analyze how a profit-maximizing proxy advisor designs vote recommendations and research reports. The advisor benefits from producing ...

Creating Controversy in Proxy Voting Advice | NBER

We show that the advisor benefits from biasing its recommendations against the a priori more likely alternative, thereby “creating controversy” for the vote.

Creating Controversy in Proxy Voting Advice - ECGI

Proxy advisory firms have emerged as major players in corporate governance. They make recommendations on how to cast votes and provide research reports for ...

Creating Controversy in Proxy Voting Advice - IDEAS/RePEc

Downloadable! We analyze the design of recommendations (available to all shareholders) and research reports (available only to subscribers) by a proxy ...

Creating Controversy in Proxy Voting Advice | ECGI

We analyze how a profit-maximizing proxy advisor designs vote recommendations and research reports. The advisor benefits from producing informative, unbiased ...

Creating Controversy in Proxy Voting Advice - Tepper School of ...

Given the strong influence of proxy advisers, the quality and information content of their reports and recommendations are an important ...

DP16352 Creating controversy in proxy voting advice - CEPR

We analyze how a profit-maximizing proxy advisor designs vote recommendations and research reports. The advisor benefits from producing ...

Creating Controversy in Proxy Voting Advice

Our paper also advocates for a more careful interpretation of empirical evidence on shareholder voting, highlighting that proxy advisors' recommendations may ...

Creating controversy in proxy voting advice - IDEAS/RePEc

Downloadable (with restrictions)! We analyze how a profit-maximizing proxy advisor designs vote recommendations and research reports.

The controversy over proxy voting: The role of asset managers and ...

Abstract In this statement, we assess the role and power of proxy advisors and asset managers in corporate governance, an industry that is ...

Creating Controversy in Proxy Voting Advice | Request PDF

The overall efficacy of voting recommendations by proxy advisory depends on the advisor's information and the precision of the recommendations (Malenko and ...

Proxy advisers have inherent incentive to create controversy, study ...

When an institutional investor uses recommendations from a proxy adviser to cast a vote on shareholder issues, they may want to proceed with ...

Proxy Advisors Have Inherent Incentive to Create Controversy, New ...

When an institutional investor uses recommendations from a proxy advisor to cast a vote on shareholder issues, they may want to proceed with ...

Creating Controversy in Proxy Voting Advice - 2022

We analyze the design of recommendations (available to all shareholders) and research reports (available only to s...

The Controversy over Proxy Voting | Financial Analysts Journal

We examine the role of proxy advisors and asset managers and suggest four improvements of corporate governance: more transparency on side-businesses and on ...

Nadya Malenko

Professor of Finance and Wargo Family Faculty Fellow. Curriculum Vitae. Contact information. Boston College, Seidner Department of Finance.

Proxy Voting Advice Rule: Fifth Circuit Sends SEC Back to the ...

The US Court of Appeals for the Fifth Circuit vacated and remanded portions of the proxy voting advice rule on June 26 that had been adopted by the US ...

The Controversy over Proxy Voting: The Role of Fund Managers and ...

In this statement, we assess the role and power of proxy advisors and asset managers in corporate governance in a market that is characterized by a limited ...

Custom Proxy Voting Advice - Clemson University

This paper studies institutional investors' decision-making using novel data from a major proxy advisor. We highlight the significant role of customized proxy ...