The Role of Institutional Investors in Curbing Corporate Short-Termism

Autor:	Robert C. Pozen
Rok vydání:	2015
Předmět:	Finance Economics and Econometrics Value creation business.industry Institutional investor Financial system Short termism Outcome (game theory) Hedge fund Accounting Economics Proxy (statistics) business
Zdroj:	Financial Analysts Journal. 71:10-12
ISSN:	1938-3312 0015-198X
Popis:	Institutional investors are the majority owners of most publicly traded companies but allow activist hedge funds with smaller positions to push through corporate changes. The author offers various reasons why institutional investors may be reluctant to actively participate in proxy fights but then suggests several practical forms of investor engagement that support long-term value creation. So, in future campaigns by hedge funds, institutional investors should actively participate to ensure that the outcome promotes long-term growth instead of temporary price spurts.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::bdabe503433e3e31026ac965e5613f22 https://doi.org/10.2469/faj.v71.n5.5 Zobrazit plný text záznamu Plný text ve formátu PDF