Accepted by Douglas Skinner. We thank Glass Lewis & Co. for providing its 2011 proxy season reports, Carol Bowie (at Institutional Shareholder Services), and Robert McCormick (at Glass Lewis & Co.) for insightful conversations as well as an anonymous referee, Ana Albuquerque, Conrad Ciccotello, Yaniv Grinstein, Wayne Guay, Camelia Kuhnen, David Larcker, Eddie Riedl, and seminar/conference participants and discussants at the University of Pennsylvania (Wharton), Boston University, Burton Workshop at Columbia Business School, London Business School, Oklahoma State University, the 2012 NBER Summer Institute, the 2012 Annual Meeting of the European Association of Law and Economics, the 2012 Annual Corporate Governance at the University of Delaware, the 2012 Financial Economics and Accounting Conference, the 2012 Conference for Empirical Legal Studies, and the 2012 German Finance Association meeting for helpful comments. We also thank Zhenhua Chen, Miguel Duras, Thomas Steffan, and Forrester Wong for research assistance. Fabrizio Ferri acknowledges a grant from the Eugene M. Lang Support Fund of Columbia Business School. All errors remain our own. An online appendix is available for download here: http://research.chicagobooth.edu/arc/journal/onlineappendices.aspx.
Shareholder Votes and Proxy Advisors: Evidence from Say on Pay
Article first published online: 30 SEP 2013
Copyright ©, University of Chicago on behalf of the Accounting Research Center, 2013
Journal of Accounting Research
Volume 51, Issue 5, pages 951–996, December 2013
How to Cite
ERTIMUR, Y., FERRI, F. and OESCH, D. (2013), Shareholder Votes and Proxy Advisors: Evidence from Say on Pay. Journal of Accounting Research, 51: 951–996. doi: 10.1111/1475-679X.12024
- Issue published online: 23 OCT 2013
- Article first published online: 30 SEP 2013
- Accepted manuscript online: 12 AUG 2013 08:03AM EST
- Manuscript Accepted: 22 JUL 2013
- Manuscript Received: 13 JUL 2012
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