Publications Database

Welcome to the new Schulich Peer-Reviewed Publication Database!

The database is currently in beta-testing and will be updated with more features as time goes on. In the meantime, stakeholders are free to explore our faculty’s numerous works. The left-hand panel affords the ability to search by the following:

  • Faculty Member’s Name;
  • Area of Expertise;
  • Whether the Publication is Open-Access (free for public download);
  • Journal Name; and
  • Date Range.

At present, the database covers publications from 2012 to 2020, but will extend further back in the future. In addition to listing publications, the database includes two types of impact metrics: Altmetrics and Plum. The database will be updated annually with most recent publications from our faculty.

If you have any questions or input, please don’t hesitate to get in touch.

 

Search Results

Pouyan Foroughi (2025). "Walking Quietly: Fiduciary Waivers and Blockholder Exit", Global Finance Journal, 68, 101196.

Open Access Download

Keywords
Abstract Corporate opportunity waivers let directors pursue outside ventures, weakening the duty of loyalty that supports investor confidence. Exploiting staggered state adoptions of these statutes from 2000 to 2018, we examine how blockholders, the market’s main bulwark against self-dealing, react. Public governance signals barely change; support for management proposals slips by less than one percentage point, failed director elections fall, and friendly hedge fund activism fades. Once scrutiny shifts toward the potential outcomes of private monitoring, a strikingly different picture emerges, as larger firms experience more frequent departures of independent directors, activists who once cooperated with management adopt confrontational tactics, and long-horizon investors pare their stakes, especially where diversion prospects are very high, analyst coverage is extensive, and boards are larger. Loosening fiduciary standards, therefore, gradually weakens shareholder oversight, eroding a critical governance mechanism and placing long-term firm value at risk, despite initial market optimism.