order for institutions to play a valuable role in corporate governance, granting voting power to minority shareholders is …We examine the role of institutional investors in corporate governance in an environment where ownership is … concentrated. The presence of dominant shareholders alters the role of institutional investors by limiting their voting influence …

. Some firms are commonly owned by shareholders such as index funds whereas the other firms are owned by independent … shareholders. Under such an asymmetric ownership structure, the common owners have an incentive to coordinate when designing the …