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Institutional Investors and Corporate Governance

Amil Dasgupta et al.

Foundations and Trends in Finance2021https://doi.org/10.1561/0500000056article
AJG 2ABDC B
Weight
0.72

Abstract

We provide a comprehensive overview of the role of institutional investors in corporate governance with three main components. First, we establish new stylized facts documenting the evolution and importance of institutional ownership. Second, we provide a detailed characterization of key aspects of the legal and regulatory setting within which institutional investors govern portfolio firms. Third, we synthesize the evolving response of the recent theoretical and empirical academic literature in finance to the emergence of institutional investors in corporate governance. We highlight how the defining aspect of institutional investors – the fact that they are financial intermediaries – differentiates them in their governance role from standard principal blockholders. Further, not all institutional investors are identical, and we pay close attention to heterogeneity amongst institutional investors as blockholders.

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https://doi.org/https://doi.org/10.1561/0500000056

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@article{amil2021,
  title        = {{Institutional Investors and Corporate Governance}},
  author       = {Amil Dasgupta et al.},
  journal      = {Foundations and Trends in Finance},
  year         = {2021},
  doi          = {https://doi.org/https://doi.org/10.1561/0500000056},
}

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Institutional Investors and Corporate Governance

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Evidence weight

0.72

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.95 × 0.4 = 0.38
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.