Institutional Investors

Working Paper

Hedge Fund Activism, Corporate Governance, and Firm Performance

 

Using a large hand-collected dataset from 2001 to 2006, we find that activist hedge funds in the U.S. propose strategic, operational, and financial remedies and attain success or partial success in two thirds of the cases. Hedge funds...Read more

Alon Brav
Wei Jiang
Frank Partnoy
Randall Thomas
01 September 2006

Institutional Investors and Proxy Voting: The Impact of the 2003 Mutual Fund Voting Disclosure Regulation

This paper examines the impact on shareholder voting of the mutual fund voting disclosure regulation adopted by the SEC in 2003, using a paired sample of proposals submitted before and after the rule change. We focus on how voting outcomes relate...Read more

Martijn Cremers
Roberta Romano
01 April 2007

Does Governance Travel around the World? Evidence from Institutional Investors

We examine whether institutional investors affect corporate governance by analyzing portfolio holdings of institutions in companies from 23 countries during the period 2003-2008. We find that firm-level governance is positively associated with...Read more

Reena Aggarwal
Miguel Ferreira
Pedro Matos
01 January 2010

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