Shareholder Votes and Proxy Advisors: Evidence from Say on Pay

By Yonca Ertimur, F. Ferri, David Oesch. 2013

266 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/aad43df778e35efd6cf762e01e02e558530e5388

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Xavier Gabaix
2. A. Landier
3. Julien Sauvagnat
4. John Van Reenen
5. Markus Poschke
6. J. D. Giovanni
7. Andrei A. Levchenko
8. V. Acharya

In Finance

1. A. Landier
2. Julien Sauvagnat
3. Xavier Gabaix
4. Markus Pelger
5. Darrell Duffie
6. Ralph S. J. Koijen
7. Nicholas Barberis
8. V. Todorov

Citations in the corpus

• The Role of Proxy Advisory Firms: Evidence from a Regression-Discontinuity Design (2016, unknown): “Prior literature concludes that ISS recommendations move at least some fraction of the votes, but whether this fraction is large or small remains unclear (e.g., Iliev and Lowry, 2015; Ertimur et al., 2013; and Larcker et al., 2015).”
• CEO Pay and Firm Size: an Update after the Crisis (2013, background): “As a result of the above activism, the mandatory adoption of ‘say on pay’ in 2011 leads firms to change their pay practises both before and after the vote, in an attempt to obtain a favourable voting outcome (Ertimur et al., 2013; Larcker et al., 2012).”