type here...

Todd Gormley

Todd Gormley is a Professor of Finance and the Finance Area Chair at the Olin Business School at Washington University in St. Louis His most recent research has analyzed the impact of passive institutional investors’ rise on stewardship and firms.
ESG, Corporate Governance & Future of the Firm

The Politicization of Social Responsibility

Todd Gormley
Todd A. Gormley, Manish Jha and Meng Wang examine the impact of state-level political dynamics on the support institutional investors provide to socially responsible investing (SRI) proposals. The findings reveal that investors are less likely to support SRI initiatives at firms headquartered in Republican-led states, suggesting that regional political pressures are shaping corporate social responsibility trends.
ESG, Corporate Governance & Future of the Firm

Bonds Improve Institutional Investors’ Equity Monitoring

Manish Jha
Todd Gormley and Manish Jha find that institutional investors holding bonds may experience greater investor attention and more active shareholding voting on their equity positions.

Latest news

View All

The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.