Data Access Limitations Hinder Academic Research on Corporate Governance
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ISS stopped providing proxy recommendation data to academics after 2018, hampering research into potential wrongdoing.
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Glass Lewis never provided proxy recommendation data to academics. This lack of transparency is concerning.
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In 2006, a study found I/B/E/S selectively removed analyst names from historic stock recommendations, essentially rewriting history. This data is no longer provided.
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Depriving academics of key governance data sets back informed policymaking and public debate around contentious topics like ESG and proxy advisors.
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Intermediaries pulling sensitive data out of academic circulation damages public discourse. Academics have incentives and ability to effectively analyze disappearing data.