The Role of Proxy Advisory Firms: Evidence from a Regression-Discontinuity Design

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Internalizing governance externalities: The role of institutional cross-ownership (2019, unknown): “Levit, Doron, and Nadya Malenko, 2016, The labor market for directors and externalities in corporate governance, Journal of Finance 71, 775–808.”
Institutional Investor Attention and Firm Disclosure (2020, background): “finding is consistent with improved monitoring, but could also be a sign of passive owners enforcing easy-to-monitor good governance guidelines through voting at annual meetings (Malenko and Shen 2016).”
Do Exogenous Changes in Passive Institutional Ownership Affect Corporate Governance and Firm Value (2017, unknown): “…(ISS) that give vote recommendations to institutional investors at annual general meetings have rapidly grown and there exists evidence that many institutional investors mechanically follow their advice so that they can prove to have complied with their fiduciary duties ( Malenko and Shen, 2016 ).”
BigTech and the changing structure of financial intermediation (2019, unknown): “(2018) who exploit a discontinuity in the score-based lending rule of Ant Financial (see also Hahn et al., 2001; Lee and Lemieux, 2010; Malenko and Shen, 2016), we analyse the relationship between the extension of a credit line and firm performance for the whole firm population.”