Corpus ID: 167016157

Institutional Investing When Shareholders Are Not Supreme

@article{Geczy2015InstitutionalIW,
  title={Institutional Investing When Shareholders Are Not Supreme},
  author={Christopher C. Geczy and Jessica S. Jeffers and D. Musto and Anne M. Tucker},
  journal={Corporate Law: Corporate & Takeover Law eJournal},
  year={2015}
}
  • Christopher C. Geczy, Jessica S. Jeffers, +1 author Anne M. Tucker
  • Published 2015
  • Business
  • Corporate Law: Corporate & Takeover Law eJournal
  • Institutional investors, with trillions in assets under management, hold increasingly important stakes in public companies and fund individual retirement for many Americans, making institutional investors’ behaviors and preferences paramount determinants of capital allocations and the economy. In this paper, we examine high fiduciary duty institutions' (HFDIs') response to decreased profit maximization pressure as measured by the effect of constituency statutes on HFDI investment. We ask this… CONTINUE READING
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    References

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