Institutional Ownership

Working Paper

The Systemic Governance Influence of Universal Owners

Universal owners can systemically difuse their investment preferences to a large share of the market. We use a sudden change in aggregate governance preferences of Norway’s sovereign wealth fund as a natural experiment to understand how the...Read more

Ruth V. Aguilera
Vicente J. Bermejo
Javier Capapé
Vicente Cuñat
28 August 2019

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