Institutional investor monitoring and earnings management: a network approach
by Dr Marwin Mönkemeyer, Visiting Associate at Cambridge Endowment for Research in Finance, University of Cambridge Judge Business School Ever since Berle and Means' (1932) seminal work on the separation of ownership and control in modern firms, scholars have debated…
Voting for socially responsible corporate policies
by Professor Adam Meirowitz, David Eccles School of Business, University of Utah, Dr Shaoting Pi, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance, University of Cambridge, and Dr Matthew C. Ringgenberg, David Eccles School of…
Cross-country stock market comovement: a macro perspective
by Dr Elisa Faraglia, Cambridge Endowment for Research in Finance Fellow In the post WW2 period, the cross-country correlations between the stock markets in developed economies were fairly low, implying significant potential benefits from diversification. Beginning in the mid 1990s,…
How do climate risks affect trading behaviour?
by Andreas Charisiadis, Research Assistant, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Mitigating climate change has become one of the defining challenges of our time. Indeed, there is global concern about the potentially disastrous long-term consequences…
Dynamic group decision making of private firms
by Dr Shiqi Chen, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Unlike what is often assumed in the standard corporate finance literature that firms are often governed by a single representative agent on behalf…
The gender gap in household bargaining power: a portfolio-choice approach
by Ran Gu, University of Essex, Cameron Peng, London School of Economics and Political Science and Weilong Zhang, Fellow, Cambridge Endowment for Research in Finance, University of Cambridge When studying the allocation of household assets, virtually all existing papers start…
Voting and trading: the shareholder’s dilemma
by Professor Adam Meirowitz, University of Utah, and Dr Shaoting Pi, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Dr Shaoting Pi In the study of enterprise ownership comparisons between ownership by investors of capital,…
Climate change, discounting, and the tragedy of horizons
by Andreas Charisiadis, Research Assistant, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance This year's UN Climate Change Conference, COP26, has been in the centre of a controversial debate over the extent to which current climate change…
Shareholder collaboration on corporate governance
by Dr Shaoting Pi, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Activist shareholders, who exert a large influence on firms' policies, typically only own small stakes and frequently interact with fellow shareholders of target…
Liquidation, bailout, and bail-in: insolvency resolution mechanisms and bank lending
by Professor Bart Lambrecht, Director of the Cambridge Centre for Finance and the Cambridge Endowment for Research in Finance Professor Bart Lambrecht The 2008-2010 financial crisis and the COVID-19 (coronavirus) pandemic have highlighted the importance of an orderly insolvency resolution…
