Institutional Shareholder Activism

Institutional Shareholder Activism

Author: Michael J. Rubach

Publisher: Taylor & Francis

ISBN: 0815335024

Category: Business & Economics

Page: 202

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This book examines the shareholder activism of institutional investors, and the effect of this activism on portfolio performance. By focusing on 118 institutional investors headquartered in the United States, the book is unique in addressing the shareholder activism of a large sample. Institutional shareholder activism is defined to include both traditional mechanisms of influence (i.e. filing shareholder proposals) and relationship investing. Institutional owners included private and public pension funds, mutual funds, bank trusts, insurance companies, endowments, and foundations. These institutional owners differ substantially, and these differences lead institutions to use their ownership power to pursue different philosophies and actions. Some institutions follow a passive governance policy, While others adopt an activist role. This book seeks to answer four questions: (1) Are institutional owners actively involved in the strategic affairs of companies in their portfolios? (2)Which formsof activism do institutional owners employ (either confrontational mechanisms, such as filing shareholder proposals, or relationship building mechanisms)? (3)Which forms of activism employed are most effective? and (4) Does the institutional type affect its pursuit of shareholder activism? In answering these questions the author suggests new important results that in many cases are contrary to what prior reports of the activities by a small number of institutional owners may intimate."
Institutional Shareholder Activism
Language: en
Pages: 202
Authors: Michael J. Rubach
Categories: Business & Economics
Type: BOOK - Published: 1999 - Publisher: Taylor & Francis

This book examines the shareholder activism of institutional investors, and the effect of this activism on portfolio performance. By focusing on 118 institutional investors headquartered in the United States, the book is unique in addressing the shareholder activism of a large sample. Institutional shareholder activism is defined to include both
Shareholder Activism
Language: en
Pages: 163
Authors: H. Rho
Categories: Business & Economics
Type: BOOK - Published: 2006-12-06 - Publisher: Springer

Shareholder activism in Korea, led by a civil society organization, has been commended by Western economists. How could activism led by such an organization grow and thrive to become the success story of corporate governance reform in developing countries? This book examines this phenomenon using social movement theory to explain.
Understanding Institutional Shareholder Activism
Language: en
Pages: 300
Authors: Bo Gong
Categories: Law
Type: BOOK - Published: 2013-12-13 - Publisher: Routledge

Institutional shareholder participation has long been considered as vital to good corporate governance yet its potential does not seem to have been realized. The recent banking crisis exposed the passivity of some institutional shareholders, many of whom appear to have chosen to sell their stakes in the banks rather than
Shareholder Activism and the Law
Language: en
Pages: 222
Authors: Ekrem Solak
Categories: Law
Type: BOOK - Published: 2020-05-28 - Publisher: Routledge

This book provides a complete framework for contemporary shareholder activism and its implications for US corporate governance, which is based on director primacy theory. Under director primacy theory, shareholders do not wish to be involved in the management of the company; in the rare event that they wish to be
Shareholder Activism Handbook
Language: en
Pages: 1458
Authors: Jay W. Eisenhofer, Michael J. Barry
Categories: Corporate governance
Type: BOOK - Published: 2005-01-01 - Publisher: Wolters Kluwer

Shareholder Activism Handbook is the single most comprehensive guide on all matters relating to enforcing shareholders' rights. As shareholder activism becomes a more integral part of investing, the law continues to respond accordingly. Legislators