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Asset Management, Index Funds, and Theories of Corporate Control

Mallow, Matthew - 2019

Recently, several academic theories have expressed concern over the growth of index funds. Some have argued that the growth of index funds will afford the asset managers who provide them too much influence over the public companies they invest in, through increased voting power and engagement...

Persistent link: https://www.econbiz.de/10012859801

Corporate Governance in the Presence of Active and Passive Delegated Investment

Corum, Adrian Aycan - 2020

We examine the governance role of delegated portfolio managers. In our model, investors decide how to allocate their wealth between passive funds, active funds, and private savings, and asset management fees are endogenously determined. Funds' ownership stakes and asset management fees determine...

Persistent link: https://www.econbiz.de/10012824723

Judge Not under an Unjust Standard : Why an Investment Adviser's Fiduciary Duty as to Fees under Section 36(B) of the Investment Company Act of 1940 Is Illusory and Unjust until an...

Lucas, Tory L. - 2016

Persistent link: https://www.econbiz.de/10012987264

The Separation of Funds and Managers : A Theory of Investment Fund Structure and Regulation

Morley, John - 2014

This Article offers a broad theory of what distinguishes investment funds from ordinary companies, with ramifications for how these funds are understood and regulated. The central claim is that investment funds (i.e., mutual funds, hedge funds, private equity funds and their cousins) are...

Persistent link: https://www.econbiz.de/10013064275

Inefficient Tailoring : The Private Ordering Paradox in Corporate Law

Barzuza, Michal - 2018

The conventional wisdom in corporate law posits that private ordering has an important virtue: it allows firms to efficiently tailor governance terms to their particular needs. This virtue is routinely advanced to justify the largely “enabling” structure of U.S. corporate law, and to oppose...

Persistent link: https://www.econbiz.de/10012934497

Political Economy of Privatized Economy

Megginson, William L. - 2010

Recent evidences indicate that privatization leads to enormous benefits to society almost without undesirable costs …. However, stakeholders of privatization seem not to satisfy the resulting performance of privatized firms. Using data from 202 … companies up to 10 years and study costs and benefits of privatization. Privatization is followed by a 1.1-percentage …

Persistent link: https://www.econbiz.de/10013146701

Efficiency in Private Control Sales – The Case for Mandatory Bids

Schuster, Edmund - 2012

There are two main regulatory approaches in relation to private sale-of-control transactions. The ‘market rule' confers maximum freedom on a company's incumbent controller by enabling sale shares (hence control over the company) to any acquirer offering an acceptable price. This concept...

Persistent link: https://www.econbiz.de/10013116108

Private Ordering and the Proxy Access Debate

Bebchuk, Lucian A. - 2012

This Article examines two “meta” issues raised by opponents of the SEC's proposal to provide shareholders with rights to place director candidates on the company's proxy materials. First, opponents argue that, even assuming proxy access is desirable in many circumstances, the existing...

Persistent link: https://www.econbiz.de/10013116592

Performance of the shares in the investment funds portfolios and their strategy

Marcinčin, Anton - 1995

Persistent link: https://www.econbiz.de/10000919201

Test vlastníckej úlohy investičných privatizačných fondov v Českej Republike

Marcinčin, Anton - In: Politická ekonomie : teorie, modelování, aplikace 44 (1996) 5, pp. 645-653

Persistent link: https://www.econbiz.de/10001209819

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