This paper provides a critical review of the literature on socially responsible investments (SRI).
Particular to SRI is that both financial goals and social objectives are pursued. Over the …

This paper reviews the vast academic literature on the market for corporate control. Our
main focus is the cyclical wave pattern that this market exhibits. We address the following …

We review the existing literature on managerial compensation, with particular reference to the
two contrasting views about its main driver. On the one hand, managerial compensation is …

… Author links open overlay panel Allen Ferrell a , Liang Hao b , Luc Renneboog c … voting
power held by controlling shareholders (Liang and Renneboog, 2016). Moreover, a higher CSR …

Do investors pay a price for investing in socially responsible investments (SRI) funds, or do
they obtain superior returns? This paper investigates these under- and overperformance …

Using corporate social responsibility (CSR) ratings for 23,000 companies from 114 countries,
we find that a firm's CSR rating and its country's legal origin are strongly correlated. Legal …

This paper analyses the short‐term wealth effects of large intra‐European takeover bids. We
find announcement effects of 9% for the target firms compared to a statistically significant …

… * is chapter was published as Fidrmuc, J., Goergen, M., and L. Renneboog. 2006. Insider …
rendering their investments locked-in (Goergen and Renneboog 2001). us, only outsiders such …

Economic theory points to five parties disciplining management of poorly performing firms:
holders of large share blocks, acquirers of new blocks, bidders in takeovers, nonexecutive …

We study the money flows into and out of socially responsible investment (SRI) funds around
the world. In their investment decisions, investors in SRI funds may be more concerned with …