Corporate Governance Implications of the Growth in Indexing / Alon Brav, Nadya Malenko, Andrey Malenko.

Format:

Book

Author/Creator:

Brav, Alon.

Contributor:

National Bureau of Economic Research.

Malenko, Nadya.

Malenko, Andrey.

Series:

Working Paper Series (National Bureau of Economic Research) no. w30718.

NBER working paper series no. w30718

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2022.

Summary:

Passively managed funds have grown to become some of the largest shareholders in publicly traded companies, but there is considerable debate about the effects of this growth on corporate governance. The goal of this paper is to review the literature on the governance implications of passive fund growth and discuss directions for future research. In particular, we present a framework to understand the incentives of passive and actively managed funds to engage in governance, review the empirical evidence in the context of this framework, and highlight the questions that remain unanswered.

Notes:

Print version record

December 2022.