Cappelen, Alexander W.; Urheim, Runa - Institutt for samfunnsøkonomi, Norges Handelshøyskole … - 2012
Pension funds and sovereign-wealth funds own a large and increasing fraction of the shares in publicly traded companies in the OECD area. These funds typically have a very long time horizon on their investments, as well as highly diversified portfolios. These features imply that the interests of...