The question of whether and how partial common-ownership links between strategically
interacting firms affect firm objectives and behavior has been the subject of theoretical …

As individual investors who act independently can generate only limited influence on
corporate decisions, this paper considers clustered institutional investors connected through …

We seek to contribute to understanding index fund stewardship by providing a
comprehensive theoretical, empirical, and policy analysis of such stewardship. We put …

Mutual funds are now the center of power in corporate governance. After decades of strong
growth, mutual funds now own about one-quarter of the total US stock market.'The" Big …

Activist hedge funds do not hold a sufficiently large number of shares to win proxy battles,
and their success in driving corporate change relies on the willingness of institutional …

Investment efficiency shows how well a company invests its assets. Although institutional
shareholders play undeniable roles in companies, it is not clear whether they are able to …

The reform of proxy advisors is on the US regulatory agenda, with debate focusing on the
extent of influence that these actors exert over institutional investors and corporate …

In one of the largest financial scandals to date, Wells Fargo, the United States' largest bank
by number of employees, admitted to the opening of some 3.5 million deposit and credit card …

The ability to identify a firm's shareholders is essential to modern corporategovernance
practice. Corporate managers, activist hedge funds, shareholder-proposal sponsors, and …

This Article shows that policies building upon insights from network theory (networksensitive
policies) can address systemic risk more effectively than traditional atomistic policies, also in …