The shareholder wealth effects of CalPERS' focus list

THE SHAREHOLDER WEALTH EFFECTS OF CALPERS' FOCUS ...

In an attempt to assess the effectiveness of CalPERS' governance program, the authors examine the market impact of the Focus List and find that ...

The Shareholder Wealth Effects Of Calpers' Focus List - IDEAS/RePEc

In an attempt to assess the effectiveness of CalPERS' governance program, the authors examine the market impact of the Focus List and find that companies on the ...

The shareholder wealth effects of CalPERS' focus list | Request PDF

Nelson (2006) argues that once adjustments are made for methodological issues in the more recent studies, then there is no evidence to support the persistence ...

(PDF) The Shareholder Wealth Effects of Calpers' Focus List | ho ho ...

Journal of Applied Corporate Finance S P R I N G 20 0 3 The Shareholder Wealth Effects of CalPERS' Focus List by Mark Anson, Ted White, and Ho Ho, CalPERS ...

Over-reaction to the CALPERS focus list?

“The Shareholder Wealth Effects of. CalPERS' Activism.” Financial Services Review, 1998. Davies, Peter Lloyd, and Michael Canes. “Stock Prices and the ...

(PDF) Shareholder wealth effects of CalPERS' activism

PDF | In the past decade, institutional investors have become more active in monitoring management and voting the shares they control. The California.

Update to The “CalPERS Effect” on Targeted Company Share Prices

This analysis clearly demonstrates the steady erosion in shareholder value by companies prior to being placed on CalPERS' Focus List. The figure also ...

Listing of poor performers gives their shares a - ProQuest

The study, "The Shareholder Wealth Effects of CalPERS' Focus List," is the first major evaluation of the $135 billion California Public Employees' Retirement ...

The “CalPERS effect” revisited - ScienceDirect.com

Smith (1996) states that CalPERS targets generate 3-year excess returns of about 11% (no statistical test), while Wahal (1996) finds that CalPERS targeting is ...

Agenda Item 9e Attachment 1 - CalPERS

Unlike the original. “CalPERS Effect” study, this analysis examines the performance of all companies engaged – both “Focus List” companies and those that were ...

Comments of on S7-19-03 - SEC.gov

... CalPERS Focus List ... stock market return performance post inclusion in CalPERS Focus List? ... Anson, Mark, Ted White and Ho Ho, "The Shareholder Wealth Effects ...

Corporate Governance Engagement Analysis - CalPERS

By including the impacts of the engaged companies' sectors, the analysis generally shows that engagement has added value versus similar peer companies, as it ...

Does good corporate governance really work? More evidence from ...

('The Shareholder Wealth Effects of CalPERS' Focus List', Journal of Applied Corporate Finance, 15, 8–17, 2003), who show that positive excess (abnormal) ...

View of Shareholder Wealth Effects of CalPERS' Activism

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BAD NEWS, GOOD NEWS: Listing of poor performers gives their ...

The study, "The Shareholder Wealth Effects of CalPERS' Focus List," is the first major evaluation of the $135 billion California Public ...

The CalPERS Effect Is Weakening | PLANSPONSOR

According to the Sacramento Bee, a Wilshire Associates study found the fund's Focus List of investments has seen a gain of only 15.3% in stock value over a ...

15 Chapter 15 Pension Fund Activism: The Double‐Edged Sword

My short‐run analysis indicates that CalPERS activism yields positive, but small, market reactions of 21 basis points (bps) on the date focus list firms are ...

Does good corporate governance really work? More evidence from ...

As evidence for this claim, CalPERS cites Anson et al. ('The Shareholder Wealth Effects of CalPERS' Focus List', Journal of Applied ...

The “CalPERS Effect” Revisited - Furman University

... focus list, suggesting that the improvement is not likely driven by return reversal. ... “Shareholder Wealth Effects of CalPERS' Activism.” Financial Services ...

Towards Sustainable Investment - CalPERS

“CalPERS Effect.” FIGURE 2: The Focus List process. More information: www ... positive long-term shareholder value. CalPERS has a long history of active.