NEWS

Ionut Florescu, Khaldoun Khashanah, Steve Yang - Monday, September 1, 2014 This white paper informs on the state of high frequency trading (HFT) mainly in the U.S. The paper addresses three major issues: First, it addresses HFT as it is seen from various market...

IRRC Institute, PwC's Investor Resource Institute - Tuesday, July 1, 2014 Companies are increasingly vulnerable to incoming cybersecurity threats from new directions and adversaries. Attacks in the form of "hacktivism," corporate espionage, insider and government...

David Matsa, Todd A. Gormley - Thursday, June 12, 2014 This paper examines risk-averse managers' incentive to "play it safe" by taking value-destroying actions that reduce their firms' risk of distress. We find that, after managers are insulated by the passage of an...

Marti G. Subrahmanyam, Menachem Brenner, Patrick Augustin - Thursday, June 12, 2014 We investigate informed trading activity in equity options prior to the announcement of corporate mergers and acquisitions (M&A). For the target companies, we document pervasive...

IRRC Institute, ISS - Thursday, April 10, 2014 A new study finds that the level of engagement between investors and publicly traded U.S. corporations is at an all time high. Both investors and corporate officials surveyed believe the increased level of engagement is...

IRRC Institute - Tuesday, June 25, 2013 Associety increasingly faces governance challenges at all levels, there is a growing recognition of the need to take a longer term and more systemic view of fiduciary obligations. We begin this article with a summary discussion...

IRRC Institute - Tuesday, June 25, 2013 During the period 1991-1999, stock returns were correlated with the G-Index based on twenty-four governance provisions (Gompers, Ishii, and Metrick (2003)) and the E-Index based on the six provisions that matter most (Bebchuk,...

IRRC Institute and the Sustainable Investments Institute - Monday, April 29, 2013 Every company in the S&P 500 except one reports some form of sustainability disclosure, but fewer quantify those disclosures in terms of bottom line impacts, according to a new...

IRRC Institute, ISS - Tuesday, October 2, 2012A new study finds that controlled companies - particularly those with multiple classes of shares - generally underperform over the long term. As compared to companies with dispersed ownership, controlled companies...