Dhruv Aggarwal is an assistant professor of law and finance at the Northwestern Pritzker School of Law. His work has appeared or is forthcoming in law and finance journals, including the Journal of Financial Economics, the Journal of Empirical Legal Studies, and the Harvard Business Law Review. He has presented his work at venues including the annual meetings of the American Law and Economics Association and Conference on Empirical Legal Studies. Aggarwal received a BA in economics, PhD in financial economics, and JD from Yale University.
Many financial commentators thought that the surge of retail investors participating in the stock market, the most notable of whom boosted “meme stocks” like GameStop, would democratize corporate governance and improve prosocial firm behavior, including the promotion of environmental, social, and governance (ESG) goals. In new research, Dhruv Aggarwal, Albert H. Choi, and Yoon-Ho Alex Lee find evidence that the exact opposite took place.
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