The Changing Face of Corporate Ownership: Do Institutional Owners Affect Firm Performance

ISBN-13: 9780815335023 / Angielski / Twarda / 1999 / 200 str.

Michael J. Rubach

Opis

This work examines the shareholder activism of institutional investors, and the effect of this activism on portfolio performance. Institutional shareholder activism is defined to include both traditional mechanisms of influence (ie. filing shareholder proposals) and relationship investing. Institutional owners include private and public pension funds, mutual funds, bank trusts, insurance companies, endowments, and foundations. These institutional owners differ substantially, and these differences lead institutions to use their ownership power to pursue different philosophies and actions. Some institutions follow a passive governance policy, whilst others adopt an activist role.

Spis treści

Chapter 1 Introduction; Chapter 2 Institutional Ownership and Corporate Governance; Chapter 3 Heterogeneity of Institutional Owners; Chapter 4 Institutional Shareholder Activism; Chapter 5 Research Questions and Hypotheses; Chapter 6 Research Design and Methodology; Chapter 7 Results and Analysis; Chapter 8 Implications for Institutions, Corporations, Regulators and Future Research; Appendix A QUESTIONNAIRE; Appendix B LIST OF INSTITUTIONAL INVESTORS FOR FIRST SURVEY; Appendix C LIST OF INSTITUTIONAL OWNER FOR SECOND SURVEY; Appendix D LIST OF LAEGE PUBLIC PENSION PLANS; Selected Bibliography; Index;

O autorze

Michael J. Rubach