Arx, Urs von; Schäfer, Andreas - CER-ETH Center of Economic Research, Department of … - 2007
Although pension funds have gained importance in the last two decades, their role has not been described in detail by … management team of a company in which the pension fund holds a block of shares. Stock holdings by pension funds are largely … dispersed. Therefore, any intervention by pension funds in corporate governance requires the formation of a coalition of pension …