Institutional Investors' Power to Change Corporate Behavior
Title | Institutional Investors' Power to Change Corporate Behavior PDF eBook |
Author | Suzanne Young |
Publisher | Emerald Group Publishing |
Pages | 452 |
Release | 2013-10-24 |
Genre | Business & Economics |
ISBN | 1781907714 |
Institutional Investors' Power to Change Corporate Behavior
Institutional Investors' Power to Change Corporate Behavior
Title | Institutional Investors' Power to Change Corporate Behavior PDF eBook |
Author | Suzanne Young |
Publisher | Emerald Group Publishing Limited |
Pages | 0 |
Release | 2013-10-24 |
Genre | Business & Economics |
ISBN | 9781781907702 |
Institutional Investors' Power to Change Corporate Behavior
Corporate Governance Strengthening Latin American Corporate Governance The Role of Institutional Investors
Title | Corporate Governance Strengthening Latin American Corporate Governance The Role of Institutional Investors PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 78 |
Release | 2011-07-01 |
Genre | |
ISBN | 9264116052 |
This report reflects long-term, in-depth discussion and debate by participants in the Latin American Roundtable on Corporate Governance.
Investor Capitalism
Title | Investor Capitalism PDF eBook |
Author | Michael Useem |
Publisher | |
Pages | 360 |
Release | 1996-05-16 |
Genre | Business & Economics |
ISBN |
Drawing on personal interviews with top executives and money managers, this inside look at more than 20 large corporations--including IBM, ITT, AT&T, American Airlines, and General Motors--shows how the explosive growth of institutional investing is changing the way corporations are run. Charts & graphs.
The Rise of Fiduciary Capitalism
Title | The Rise of Fiduciary Capitalism PDF eBook |
Author | James P. Hawley |
Publisher | University of Pennsylvania Press |
Pages | 268 |
Release | 2000-10-06 |
Genre | Business & Economics |
ISBN | 9780812235630 |
Traces the rise of public and private pension funds, which now control as much as 50 percent of the equity in American corporations, and argues that shareholders in those funds could use their power to make corporations more responsive to social needs.
Institutional Investors and Corporate Behavior
Title | Institutional Investors and Corporate Behavior PDF eBook |
Author | Gile R. Downes |
Publisher | A E I Press |
Pages | 73 |
Release | 1999-01-01 |
Genre | Business & Economics |
ISBN | 9780844771434 |
Can increasingly predominant shareholders improve the performance of the corporations they own and should they attempt to do so?
ESG and Responsible Institutional Investing Around the World: A Critical Review
Title | ESG and Responsible Institutional Investing Around the World: A Critical Review PDF eBook |
Author | Pedro Matos |
Publisher | CFA Institute Research Foundation |
Pages | 80 |
Release | 2020-05-29 |
Genre | Business & Economics |
ISBN | 1944960988 |
This survey examines the vibrant academic literature on environmental, social, and governance (ESG) investing. While there is no consensus on the exact list of ESG issues, responsible investors increasingly assess stocks in their portfolios based on nonfinancial data on environmental impact (e.g., carbon emissions), social impact (e.g., employee satisfaction), and governance attributes (e.g., board structure). The objective is to reduce exposure to investments that pose greater ESG risks or to influence companies to become more sustainable. One active area of research at present involves assessing portfolio risk exposure to climate change. This literature review focuses on institutional investors, which have grown in importance such that they have now become the largest holders of shares in public companies globally. Historically, institutional investors tended to concentrate their ESG efforts mostly on corporate governance (the “G” in ESG). These efforts included seeking to eliminate provisions that restrict shareholder rights and enhance managerial power, such as staggered boards, supermajority rules, golden parachutes, and poison pills. Highlights from this section: · There is no consensus on the exact list of ESG issues and their materiality. · The ESG issue that gets the most attention from institutional investors is climate change, in particular their portfolio companies’ exposure to carbon risk and “stranded assets.” · Investors should be positioning themselves for increased regulation, with the regulatory agenda being more ambitious in the European Union than in the United States. Readers might come away from this survey skeptical about the potential for ESG investing to affect positive change. I prefer to characterize the current state of the literature as having a “healthy dose of skepticism,” with much more remaining to be explored. Here, I hope the reader comes away with a call to action. For the industry practitioner, I believe that the investment industry should strive to achieve positive societal goals. CFA Institute provides an exemplary case in its Future of Finance series (www.cfainstitute.org/research/future-finance). For the academic community, I suggest we ramp up research aimed at tackling some of the open questions around the pressing societal goals of ESG investing. I am optimistic that practitioners and academics will identify meaningful ways to better harness the power of global financial markets for addressing the pressing ESG issues facing our society.