Doron Levit


I am a Marion B. Ingersoll Endowed Professor of Finance and Business Economics in the Foster School of Business - University of Washington.

My research interests are in Corporate Governance, Mergers and Acquisitions, Private Equity, Corporate Social Responsibility, and Corporate Finance.

I hold a PhD in Finance from Stanford University Graduate School of Business and I taught for 10 years at the Wharton School of the University of Pennsylvania.


UW Faculty ProfileGoogle ScholarSSRN



 1.    Non-Binding Voting For Shareholder Proposals (with Nadya Malenko), Journal of Finance, 66(5), 1579-1614, October 2011

 2.    The Labor Market for Directors and Externalities in Corporate Governance (with Nadya Malenko), Journal of Finance, 71(2), 775-808, April 2016

 3.    Advising Shareholders in Takeovers, Journal of Financial Economics, 126(3), 614-634, December 2017

4.     Corporate Control Activism (with Adrian Corum), Journal of Financial Economics, 133(1), 1-17, July 2019

5.     Soft Shareholder Activism,  Review of Financial Studies, 32(7), 2775–2808, July 2019

6.     Governance Under Common Ownership (with Alex Edmans and Devin Reilly), Review of Financial Studies, 32(7), 2673–2719, July 2019

7.    Freeze-out Mergers (with Dalkır Elif and Mehmet Dalkır), Review of Financial Studies, 32(8), 3266-3297, August 2019

8.    Words Speak Louder Without Actions, Journal of Finance, 75(1), 91-131, February 2020

9.   Who’s Paying Attention? Measuring Common Ownership and Its Impact on Managerial Incentives (with Erik Gilje and Todd Gormley), Journal of Financial Economics, 137(1), 152-178, July 2020

10.  Agents of Inequality: Common Ownership and the Decline of the American Worker (with Zohar Goshen) Duke Law Journal, 72(1), 1-69, 2022

11.   A Theory of One-Size-Fits-All Recommendations (with Anton Tsoy); American Economic Journal: Microeconomics, 14(4), 318-47, 2022

12.   Trading and Shareholder Democracy (with Nadya Malenko and Ernst Maug); Journal of Financeforthcoming

Working Papers

13.   The Voting Premium (R&R Journal of Finance; with Nadya Malenko and Ernst Maug)

14.   Socially Responsible Divestment (with Alex Edmans and Jan Schneemeier)

15.   Irrelevance of Governance Structure (with Zohar Goshen)

16.   ESG: A Panacea for Market Power?  (R&R Journal of Financial Economics; with Philip Bond

17.  Common Ownership and Hedge Fund Activism: An Unholy Alliance? (with Zohar Goshen)

18.  Voting on Public Goods: Citizens vs. Shareholders (with Robin Döttling, Nadya Malenko, and Magdalena Rola-janickaOnline Appendix

19Expertise, Structure, and Reputation of Corporate Boards