Public Pension Fund Activism and Firm PerformanceThis paper studies the efficacy of pension fund activism and the ability or willingness of these funds to vote with their feet. I examine all firms targeted bySocial Science Electronic Publishing...
Moreover, the recent performance of socially responsible investments is largely indistinguishable from that of the state pension funds. Much of this new socially responsible investing activity is due to the broadening definition of the term "socially responsible." Policymakers and public pension fund ...
China to issue first dollar bond in three years in Saudi Arabia Choice of the kingdom highlights deepening financial ties between the two countries November 1 2024 Selfridges & Co Ltd Losses for owner of Selfridges more than double Higher finance costs offset jump in sales at upmarket global dep...
Interestingly, experimental evidence shows that, as the primary cooperation problem becomes more severe, people tend to cooperate more on the secondary level in creating a “punishment fund” [8]. Subsequent empirical research has confirmed the possibility of self-governance and has explored its ...
The multilateral bank acts as a pooled fund, with mutual counter guarantees of member states on the liabilities of the bank. This solidarity, legally binding and organized through a banking structure, permits easier access to international lines of credit and more credibility in some bond issuance...
These results are in line with the literature that links the experiences and decisions of individual investors, corporate executives (Malmendier, Tate, and Yan 2011; Gennaioli, Ma, and Shleifer 2016), mutual fund managers (Greenwood and Nagel 2009), and securitization agents (Cheng, Raina, and ...
In order to establish a bond, the interview is first conducted by chatting with the interviewee/interviewee. The discussion and interview took about 40–90 min. At the end of each interview, the interview materials were sorted and analyzed, the ideas and core conceptions were gradually clarified...
purchase shares. Those interested in participating in an IPO may be able to do so through their brokerage firm, although access to an IPO can sometimes be limited to a firm’s larger clients. Another option is to invest through a mutual fund or another investment vehicle that focuses on ...
purchase shares. Those interested in participating in an IPO may be able to do so through their brokerage firm, although access to an IPO can sometimes be limited to a firm’s larger clients. Another option is to invest through a mutual fund or another investment vehicle that focuses on ...
One of the main advantages of P3s for a public agency embarking on a new construction program is private sector financing. There is no need to fund a project with toll funds, taxes, or public borrowing, and risk is largely transferred to the private sector. The public entity will seek out...