Institutional Investors and Corporate Governance
- 22 February 2021
- Online Seminar
The video of this seminar is available below (scroll down)
The fourth seminar in the ECGI Spotlight Series was held on 22 February 2021 at 16:00 CET (10:00 EST).
You can download the working paper here.
ABOUT THIS EVENT
The authors provided a comprehensive overview of institutional investors' role in corporate governance, focusing on three components. First, a detailed characterization of key aspects of the legal and regulatory setting within which institutional investors operate with respect to the governance of their portfolio firms. Second, the emergence of institutional investors as the modal concentrated owners of public firms in modern economies, using a wide variety of data sources to establish new stylized facts. Third, synthesize the evolving “response” of the academic literature in finance to the emergence of institutional investors in corporate governance, attempting to link theoretical predictions to empirical findings. This Spotlight Series highlighted how the defining aspect of institutional investors differentiates them in their governance role from standard principal block-holders and the heterogeneity amongst institutional investors as block-holders.