The Vote is Cast: The Effect of Corporate Governance on Shareholder Value

We are grateful to Ashwini Agrawal, Ann Bartel, Ken Chay, Jeff Coles, Ray Fisman, Laurie Hodrick, Marco Manacorda, Jan Eeckhout, Denis Gromb, Zacharias Sautner, David Yermack and seminar participants at Brown University, Columbia Business School, the University of Edinburgh, Goethe University, LeBow College of Business Conference on Corporate Governance, the London School of Economics, University of Michigan, the New York University Paduano Seminar, and the University of Oregon for their helpful comments and suggestions. Raymond Lim provided excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.