Isil Erel

Ohio State University (OSU) - Department of Finance

Professor of Finance

2100 Neil Avenue

Columbus, OH 43210-1144

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

SCHOLARLY PAPERS

24

DOWNLOADS
Rank 2,666

SSRN RANKINGS

Top 2,666

in Total Papers Downloads

17,350

SSRN CITATIONS
Rank 1,046

SSRN RANKINGS

Top 1,046

in Total Papers Citations

831

CROSSREF CITATIONS

307

Scholarly Papers (24)

Does Governance Travel around the World? Evidence from Institutional Investors

Fisher College of Business Working Paper No. 2009-008, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 267/2018, Fourth Singapore International Conference on Finance 2010 Paper, AFA 2010 Atlanta Meetings Paper, CELS 2009 4th Annual Conference on Empirical Legal Studies Paper
Number of pages: 72 Posted: 24 Mar 2009 Last Revised: 29 Oct 2018
Georgetown University - Robert Emmett McDonough School of Business, Ohio State University (OSU) - Department of Finance, Nova School of Business and Economics and University of Virginia - Darden School of Business
Downloads 1,680 (13,037)
Citation 127

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Institutional Investors, Corporate Governance, Shareholder Activism

Does Governance Travel Around the World? Evidence from Institutional Investors

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 66 Posted: 06 Jul 2010
Georgetown University - Robert Emmett McDonough School of Business, Ohio State University (OSU) - Department of Finance, Nova School of Business and Economics and University of Virginia - Darden School of Business
Downloads 737 (43,517)
Citation 5

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Institutional Investors, Corporate Governance, Shareholder Activism

Do U.S. Firms Have the Best Corporate Governance? A Cross-Country Examination of the Relation between Corporate Governance and Shareholder Wealth

Fisher College of Business Working Paper No. 2006-03-006, ECGI - Finance Working Paper No. 145/2007, Charles A. Dice Center Working Paper No. 2006-25
Number of pages: 41 Posted: 02 Jan 2007
Georgetown University - Robert Emmett McDonough School of Business, Ohio State University (OSU) - Department of Finance, Ohio State University (OSU) - Department of Finance and Georgetown University - McDonough School of Business
Downloads 2,055 (9,402)
Citation 158

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Do U.S. Firms Have the Best Corporate Governance? A Cross-Country Examination of the Relation between Corporate Governance and Shareholder Wealth

Number of pages: 37 Posted: 12 Jan 2007 Last Revised: 12 Jul 2021
Georgetown University - Robert Emmett McDonough School of Business, Ohio State University (OSU) - Department of Finance, Ohio State University (OSU) - Fisher College of Business and Georgetown University - McDonough School of Business
Downloads 83 (378,290)
Citation 8

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3.
Downloads 1,837 ( 11,489)
Citation 99

Determinants of Cross-Border Mergers and Acquisitions

Journal of Finance, Forthcoming, Charles A. Dice Center Working Paper No. 2009-03-011, Fisher College of Business Working Paper No. 2009-03-11
Number of pages: 50 Posted: 01 Jul 2009 Last Revised: 22 Apr 2011
Ohio State University (OSU) - Department of Finance, Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics and Ohio State University (OSU) - Department of Finance
Downloads 1,759 (12,122)
Citation 25

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Mergers, Currency Movements, Market Movements, Valuation

World Markets for Mergers and Acquisitions

Number of pages: 44 Posted: 21 Jul 2009 Last Revised: 07 Nov 2021
Ohio State University (OSU) - Department of Finance, Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics and Ohio State University (OSU) - Department of Finance
Downloads 78 (392,684)

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Selecting Directors Using Machine Learning

Fisher College of Business Working Paper No. 2018-03-005, Charles A. Dice Center Working Paper No. 2018-05, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 605/2019
Number of pages: 70 Posted: 21 Mar 2018 Last Revised: 06 Jan 2021
Ohio State University (OSU) - Department of Finance, University of Washington - Michael G. Foster School of Business, University of Colorado at Boulder and Ohio State University (OSU) - Department of Finance
Downloads 1,682 (13,021)

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Corporate Governance, Boards of Directors, Machine Learning

Selecting Directors Using Machine Learning

Number of pages: 60 Posted: 17 Aug 2018
Ohio State University (OSU) - Department of Finance, University of Washington - Michael G. Foster School of Business, University of Colorado at Boulder and Ohio State University (OSU) - Department of Finance
Downloads 44 (521,289)

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Corporate Governance, Boards of Directors, Machine Learning

Selecting Directors Using Machine Learning

Number of pages: 55 Posted: 26 Mar 2018 Last Revised: 19 Nov 2021
Ohio State University (OSU) - Department of Finance, University of Washington - Michael G. Foster School of Business, University of Colorado at Boulder and Ohio State University (OSU) - Department of Finance
Downloads 43 (531,050)

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Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 184/2007, Fisher College of Business Working Paper No. 2007-03-015, Charles A. Dice Center Working Paper No. 2007-14
Number of pages: 61 Posted: 18 Jul 2007 Last Revised: 31 Oct 2018
Georgetown University - Robert Emmett McDonough School of Business, Ohio State University (OSU) - Department of Finance, Ohio State University (OSU) - Department of Finance and Georgetown University - McDonough School of Business
Downloads 1,067 (25,940)
Citation 22

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governance, investor protection, common law.

Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences

Number of pages: 42 Posted: 22 Aug 2007
Georgetown University - Robert Emmett McDonough School of Business, Ohio State University (OSU) - Department of Finance, Ohio State University (OSU) - Department of Finance and Georgetown University - McDonough School of Business
Downloads 86 (370,177)

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corporate governance

Differences in Governance Practices between U.S. And Foreign Firms: Measurement, Causes, and Consequences

Number of pages: 49 Posted: 09 Aug 2007 Last Revised: 24 Oct 2021
Georgetown University - Robert Emmett McDonough School of Business, Ohio State University (OSU) - Department of Finance, Ohio State University (OSU) - Department of Finance and Georgetown University - McDonough School of Business
Downloads 60 (453,046)
Citation 1

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Differences in Governance Practices between U.S. And Foreign Firms: Measurement, Causes, and Consequences

The Review of Financial Studies, Vol. 22, Issue 8, pp. 3131-3169, 2009
Posted: 05 Aug 2009
Georgetown University - Robert Emmett McDonough School of Business, Ohio State University (OSU) - Department of Finance, Ohio State University (OSU) - Department of Finance and Georgetown University - McDonough School of Business

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G32, G34, G38

6.

Influence of Public Opinion on Investor Voting and Proxy Advisors

Fisher College of Business Working Paper No. WP 2014-03-12, Georgetown McDonough School of Business Research Paper No. 2447012, Dice Center Working Paper No. 2014-12
Number of pages: 42 Posted: 08 Jun 2014 Last Revised: 21 Aug 2015
Georgetown University - Robert Emmett McDonough School of Business, Ohio State University (OSU) - Department of Finance and University of Texas at Austin - Department of Finance
Downloads 902 (33,451)
Citation 19

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Public Opinion, Media, Proxy Advisors, Institutional Investors, Proxy Voting

7.
Downloads 845 ( 36,567)
Citation 10

Why Do Firms Borrow Directly from Nonbanks?

Fisher College of Business Working Paper No. 2018-03-013, Charles A. Dice Center Working Paper No. 2018-13
Number of pages: 64 Posted: 26 Jul 2018 Last Revised: 28 Sep 2021
Purdue University - Department of Management, Ohio State University (OSU) - Department of Finance and Tulane University - A.B. Freeman School of Business
Downloads 820 (37,598)
Citation 8

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bank regulation, shadow banking, market segmentation, relationship lending

Why Do Firms Borrow Directly from Nonbanks?

Number of pages: 53 Posted: 18 Nov 2019 Last Revised: 18 Nov 2021
Purdue University - Department of Management, Ohio State University (OSU) - Department of Finance and Tulane University - A.B. Freeman School of Business
Downloads 25 (632,760)
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Why Did Holdings of Highly Rated Securitization Tranches Differ So Much Across Banks?

Charles A. Dice Center Working Paper No. 2012-27, Fisher College of Business Working Paper Paper No. 2012-03-027, ECGI - Finance Working Paper No. 313/2011
Number of pages: 71 Posted: 25 Jul 2011 Last Revised: 07 Feb 2015
Ohio State University (OSU) - Department of Finance, Brigham Young University and Ohio State University (OSU) - Department of Finance
Downloads 666 (49,800)
Citation 15

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financial crisis, too-big-to-fail, securitization, credit crisis, regulatory arbitrage

Why Did U.S. Banks Invest in Highly-Rated Securitization Tranches?

Number of pages: 55 Posted: 08 Aug 2011 Last Revised: 09 Sep 2021
Ohio State University (OSU) - Department of Finance, Brigham Young University and Ohio State University (OSU) - Department of Finance
Downloads 40 (541,227)

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9.

A Theory of Risk Capital

Dice Center Working Paper No. 2009-10, Fisher College of Business Working Paper No. 2009-03-010
Number of pages: 54 Posted: 29 May 2009 Last Revised: 05 May 2014
Isil Erel, Stewart C. Myers and James Read
Ohio State University (OSU) - Department of Finance, Massachusetts Institute of Technology (MIT) and The Brattle Group
Downloads 536 (66,493)
Citation 1

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Capital, Capital requirements, Financial Institutions, Regulation

Can FinTech Reduce Disparities in Access to Finance? Evidence from the Paycheck Protection Program

Fisher College of Business Working Paper No. 2020-03-016, Charles A. Dice Working Paper 2020-16
Number of pages: 81 Posted: 14 Jul 2020 Last Revised: 06 Oct 2021
Isil Erel and Jack Liebersohn
Ohio State University (OSU) - Department of Finance and University of California, Irvine
Downloads 376 (100,984)
Citation 4

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Financial Technology, Coronavirus, Recession, Nonbank, Online Bank, Loan, Credit, Subsidy

Does Fintech Substitute for Banks? Evidence from the Paycheck Protection Program

Number of pages: 70 Posted: 10 Aug 2020 Last Revised: 30 Jul 2021
Isil Erel and Jack Liebersohn
Ohio State University (OSU) - Department of Finance and University of California, Irvine
Downloads 138 (267,490)
Citation 1

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Macroeconomic Conditions and the Structure of Securities

Charles A. Dice Center Working Paper No. 2009-6 , Fisher College of Business Working Paper No. 2009-03-006
Number of pages: 53 Posted: 05 May 2009 Last Revised: 27 Oct 2010
Ohio State University (OSU) - Department of Finance, Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 481 (75,335)
Citation 2

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market downturns, security choice, maturity, security

Market Conditions and the Structure of Securities

Number of pages: 45 Posted: 19 May 2009 Last Revised: 10 Nov 2021
Ohio State University (OSU) - Department of Finance, Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 31 (592,101)

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12.

The Effect of Bank Mergers on Loan Prices: Evidence from the U.S.

Fisher College of Business Working Paper No. 2006-03-002 and Charles A. Dice Center Working Paper No. 2006-19
Number of pages: 56 Posted: 15 Mar 2006 Last Revised: 01 May 2009
Isil Erel
Ohio State University (OSU) - Department of Finance
Downloads 511 (70,687)
Citation 17

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The International Propagation of Economic Downturns Through Multinational Companies: The Real Economy Channel

Fisher College of Business Working Paper No. 2017-03-011, Charles A. Dice Center Working Paper No. 2017-11, Journal of Financial Economics (JFE), Forthcoming
Number of pages: 82 Posted: 03 May 2017 Last Revised: 03 Nov 2021
Jan Bena, Serdar Dinc and Isil Erel
University of British Columbia - Sauder School of Business, Rutgers University and Ohio State University (OSU) - Department of Finance
Downloads 484 (74,748)
Citation 1

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Propagation, Contagion, Real Economy Channel, Investment, MNC

The International Propagation of Economic Downturns Through Multinational Companies: The Real Economy Channel

Number of pages: 105 Posted: 28 Sep 2020 Last Revised: 19 Nov 2021
Jan Bena, Serdar Dinc and Isil Erel
University of British Columbia - Sauder School of Business, Rutgers University and Ohio State University (OSU) - Department of Finance
Downloads 4 (804,928)
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14.

Economic Nationalism in Mergers and Acquisitions

Charles A. Dice Center Working Paper No. 2009-24, Fisher College of Business Working Paper No. 2009-03-024
Number of pages: 75 Posted: 24 Mar 2009 Last Revised: 24 May 2012
Serdar Dinc and Isil Erel
Rutgers University and Ohio State University (OSU) - Department of Finance
Downloads 468 (78,593)
Citation 19

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Protectionism, Patriotism, National Champions, Too-Big-To-Be-Acquired,Government Intervention, International Capital Flows

Do Acquisitions Relieve Target Firms’ Financial Constraints?

Journal of Finance, Forthcoming, Fisher College of Business Working Paper No. 2013-03-03, Charles A. Dice Center Working Paper No. 2013-03
Number of pages: 63 Posted: 27 Feb 2013 Last Revised: 08 Jul 2013
Ohio State University (OSU) - Department of Finance, UNSW Australia Business School, School of Banking and Finance and Ohio State University (OSU) - Department of Finance
Downloads 402 (93,150)
Citation 1

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financial constraints, acquisitions, financial frictions

Do Acquisitions Relieve Target Firms' Financial Constraints?

Number of pages: 61 Posted: 01 Mar 2013
Ohio State University (OSU) - Department of Finance, UNSW Australia Business School, School of Banking and Finance and Ohio State University (OSU) - Department of Finance
Downloads 20 (670,892)
Citation 15

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16.
Downloads 401 ( 94,222)
Citation 32

Macroeconomic Conditions and Capital Raising

Charles A. Dice Center Working Paper No. 2011-9, Fisher College of Business Working Paper No. 2011-03-009
Number of pages: 46 Posted: 07 Apr 2011 Last Revised: 22 Jul 2011
Ohio State University (OSU) - Department of Finance, Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 374 (101,291)
Citation 26

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Financial Conditions, Business Cycles, Maturity, Seniority

Macroeconomic Conditions and Capital Raising

Number of pages: 45 Posted: 11 Apr 2011 Last Revised: 17 Oct 2021
Ohio State University (OSU) - Department of Finance, Lundquist College of Business, University of Oregon, Seoul National University - Business School and Ohio State University (OSU) - Department of Finance
Downloads 27 (618,406)

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Paid Leave Pays Off: The Effects of Paid Family Leave on Firm Performance

Fisher College of Business Working Paper No. 2019-03-029, Charles A. Dice Center Working Paper No. 2019-29, European Corporate Governance Institute – Finance Working Paper No. 643/2019
Number of pages: 67 Posted: 22 Nov 2019 Last Revised: 12 Jan 2021
Tulane University - A.B. Freeman School of Business, Ohio State University (OSU) - Department of Finance, University of Washington - Michael G. Foster School of Business and Lancaster University
Downloads 331 (116,286)

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PFL, Labor Force Participation, Gender, Diversity, Talent Allocation, Firm Performance

Paid Leave Pays Off: The Effects of Paid Family Leave on Firm Performance

Number of pages: 61 Posted: 11 Sep 2020 Last Revised: 18 Nov 2021
Tulane University - A.B. Freeman School of Business, Ohio State University (OSU) - Department of Finance, University of Washington - Michael G. Foster School of Business and Lancaster University
Downloads 7 (779,491)
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The Corporate Finance of Multinational Firms

Fisher College of Business Working Paper No. 2020-03-001, Charles A. Dice Center Working Paper No. 2020-1
Number of pages: 50 Posted: 12 Feb 2020
Ohio State University (OSU) - Department of Finance, UNSW Australia Business School, School of Banking and Finance and Ohio State University (OSU) - Department of Finance
Downloads 313 (123,444)

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capital raising, financing decisions, multi-national corporation, cost of capital, cost of debt, cost of equity, raising capital overseas

The Corporate Finance of Multinational Firms

Number of pages: 50 Posted: 18 Feb 2020 Last Revised: 16 Aug 2021
Ohio State University (OSU) - Department of Finance, UNSW Australia Business School, School of Banking and Finance and Ohio State University (OSU) - Department of Finance
Downloads 13 (727,919)

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19.

Corporate Liquidity, Acquisitions, and Macroeconomic Conditions

Fisher College of Business Working Paper No. 2017-03-13, Charles A. Dice Center Working Paper No. 2017-13
Number of pages: 50 Posted: 03 Jun 2017 Last Revised: 27 Aug 2019
Ohio State University (OSU) - Department of Finance, UNSW Australia Business School, School of Banking and Finance, Ohio State University (OSU) - Department of Finance and Ohio State University (OSU) - Department of Finance
Downloads 326 (118,952)
Citation 1

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corporate liquidity, financial constraints, acquisitions, financial frictions, macroeconomic conditions

20.
Downloads 293 (133,249)
Citation 1

Financing-Motivated Acquisitions

Charles A. Dice Center Working Paper No. 2012-6, Fisher College of Business Working Paper No. 2012-03-006
Number of pages: 47 Posted: 18 Feb 2012 Last Revised: 06 May 2013
Ohio State University (OSU) - Department of Finance, UNSW Australia Business School, School of Banking and Finance and Ohio State University (OSU) - Department of Finance
Downloads 274 (142,224)

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Financial Constraints, Acquisitions, Financial Frictions

Financing-Motivated Acquisitions

Number of pages: 47 Posted: 24 Feb 2012 Last Revised: 28 Oct 2021
Ohio State University (OSU) - Department of Finance, UNSW Australia Business School, School of Banking and Finance and Ohio State University (OSU) - Department of Finance
Downloads 19 (678,836)

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21.

Fire Sale Discount: Evidence from the Sale of Minority Equity Stakes

Fisher College of Business Working Paper No. 2015-11, Charles A. Dice Center Working Paper No. 2015-11, Journal of Financial Economics (JFE), Forthcoming
Number of pages: 46 Posted: 10 Jul 2015 Last Revised: 13 Dec 2016
Serdar Dinc, Isil Erel and Rose C. Liao
Rutgers University, Ohio State University (OSU) - Department of Finance and Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics
Downloads 261 (150,056)
Citation 2

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Fire Sale, Liquidity, Distressed Sale, Price Recovery

Specialized Investments and Firms’ Boundaries: Evidence from Textual Analysis of Patents

Fisher College of Business Working Paper No. 2021-03-013, Charles A Dice Center Working Paper No. 2021-13
Number of pages: 45 Posted: 17 Aug 2021
University of British Columbia - Sauder School of Business, Ohio State University (OSU) - Department of Finance, Ohio State University (OSU) - Department of Finance and Ohio State University (OSU) - Department of Finance
Downloads 93 (364,827)

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textual analysis of patents, relationship specific investments, acquisitions

Specialized Investments and Firms’ Boundaries: Evidence from Textual Analysis of Patents

Number of pages: 45 Posted: 23 Aug 2021 Last Revised: 18 Nov 2021
University of British Columbia - Sauder School of Business, Ohio State University (OSU) - Department of Finance, Ohio State University (OSU) - Department of Finance and Ohio State University (OSU) - Department of Finance
Downloads 6 (788,113)
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23.

Corporate Liquidity, Acquisitions, and Macroeconomic Conditions

Number of pages: 49 Posted: 13 Jun 2017 Last Revised: 11 Sep 2021
Ohio State University (OSU) - Department of Finance, UNSW Australia Business School, School of Banking and Finance, Ohio State University (OSU) - Fisher College of Business and Ohio State University (OSU) - Department of Finance
Downloads 28 (595,224)

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24.

International Corporate Governance: Database for 23 Countries

Posted: 01 Nov 2010 Last Revised: 24 Feb 2012
Georgetown University - Robert Emmett McDonough School of Business, Ohio State University (OSU) - Department of Finance, Nova School of Business and Economics and University of Virginia - Darden School of Business

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Institutional Investors, International Corporate Governance, Shareholder Activism