a column by Patrick Bolton, Tao Li, Enrichetta Ravina and Howard Rosenthal for VOX: CEPR’s Policy Portal
The majority of shares in publicly traded companies in the US are held by institutional investors, who collectively have a large say on the broad objectives of these corporations.
This column shows that there is a systematic correlation between the type of institutional investor and their shareholder voting ideology. The two key dimensions of ideology are social responsibility and management discipline.
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As someone who prefers images to words I really appreciate the clarity of the charts and graphs that accompany the text of these VOX reports. Hazel.
Wednesday, 14 August 2019
How institutional investors’ shareholder voting reflects their ideologies and values
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