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Reputation-Seeking Investors Can Impose Costs on Fellow Shareholders

In new research, Michele Fioretti, Victor Saint-Jean, and Simon Smith show that shareholders with potential reputational gains will push for corporate actions in the face of shocks like Covid-19 or the Russian invasion of Ukraine that reduce returns to other shareholders who have no reputational gains at stake.

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October 15: Making Markets Work for People: Digital Platform Regulation with Fiona Scott Morton