Tag Archives: CSG

The Value of Undiversified Shareholder Engagement 

By | December 22, 2022

Modern capital markets facilitate the separation of ownership and control. This allows shareholders to diversify their portfolios and firms to undertake value-generating projects regardless of their level of idiosyncratic risk. However, the universal push for diversification often means that shareholders do not bear sufficient risk to incentivize them to monitor the firms in their portfolios.‚Ķ Read More »