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.
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.
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.