Institutional Investors

Working Paper

Say-on-Dividend

Most listed firms have concentrated ownership structures. However this ownership type is problematic. A clinical analysis reveals that the corporate governance in these firms in terms of liability, voice and exit faces important design problems....Read more

María Gutiérrez Urtiaga
01 February 2015

There Is Something Special about Large Investors: Evidence from a Survey of Private Equity Limited Partners

We show that investors with more dollar amount allocated to private equity conduct more thorough due diligence and have different investment criteria. The fraction allocated to private equity, the organization?s total asset under management, and...Read more

Marco Da Rin
01 February 2014

Institutional Investor Activism in a Context of Concentrated Ownership and High Private Benefits of Control: the Case of Italy

This is a draft chapter for a forthcoming volume, The Research Handbook on Shareholder Power, edited by Randall Thomas and Jennifer Hill (Cheltenham:Edgar Elgar). This chapter describes the experience with activist institutional investors in an...Read more

Luca Enriques
01 January 2014

News

Passive Investors

Passive investors, such as Vanguard or Blackrock, that track an index and have no discretion over their investments own a growing...Read more

Jill Fisch
Assaf Hamdani
Steven Davidoff Solomon
24 September 2018

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