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Enrichetta Ravina

Enrichetta Ravina is a financial economist. Her research interests include corporate governance, behavioral finance, and household finance. Ravina’s research has received numerous prizes and has been published in the Journal of Financial Economics, the Review of Financial Studies, and Management Science, among others. She holds a B.Sc. in Economics and Business from the University of Torino, and an MA and PhD in Economics from Northwestern University.
ESG, Corporate Governance & Future of the Firm

Individual Investors Are Polarized, Large Funds Are Not

Enrichetta Ravina
Despite individual investors being strongly divided on environmental, social, and governance (ESG) issues, corporate policies are largely determined by large institutional investors that adopt predominantly moderate ESG stances. In new research, Nicola Persico and Enrichetta Ravina explore this disconnect by examining the mechanisms driving the moderate ESG positions of major financial institutions and investigating potential impacts of allowing individual investors to select their own proxy voters.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

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