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…
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,…
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…
What do capital structure models tell us about the payout policy?
by Dr Shiqi Chen, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance At the beginning of the COVID-19 (coronavirus) crisis, a massive drop in global dividends occurred as firms struggled to preserve cash in this…
Firms’ capital structure dynamics, market competition, and industry dynamics
by Shiqi Chen, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Debt-equity conflict is undoubtfully one of the core paradigms of corporate finance research. It is well-known that, once debt is in place, the misalignment…
The shareholder value of stakeholder orientation
by Dr Scott B. Guernsey, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Dr Scott B. Guernsey Ever since Milton Friedman's celebrated 1970 article – "The Social Responsibility of Business is to Increase its Profits"…
Engaging award
Dr Oğuzhan Karakaş of Cambridge Judge wins Young Researcher award from Sabancı University School of Management in Istanbul for research on 'Coordinated Engagements'. Dr Oğuzhan Karakaş Dr Oğuzhan Karakaş, University Senior Lecturer in Finance at Cambridge Judge Business School, has…
Leadership (The Cambridge Judge Business Debate podcast series)
What is effective leadership in business and politics, and how can leadership be inclusive rather than divisive? L-R: Simon Learmount, Thomas Roulet, Michael Kitson In this episode, joining podcast host Michael Kitson, University Senior Lecturer in International Macroeconomics at Cambridge…
Shadow pills and visible value
Dr Scott B. Guernsey The "poison pill" (formally known as a "shareholder rights plan") has a long and contentious history in the United States as a tactic to deter takeovers.[1] While details can vary across different implementations, the key defensive…
