Pension fund capitalism is a new, albeit evolving, stage of Anglo-American capital market development. It is marked by the ability of pension funds to aggregate the widely disbursed ownership of beneficiaries and therefore act as single entities with a unified voice. Pension funds within their...

UK companies have been making large contributions to reduce the deficits of their pension funds, and are believed to fund such contributions in part by reducing dividends. Using data from 2003-16, we find little evidence that large deficit-reduction contributions are associated with reductions...

Intro -- Contents -- Acknowledgments -- Understanding Pension Fund Corporate Engagement -- Intersecting Interests -- The Economic Inefficiency of Secrecy -- Why Do They Care? -- Global Standards and Emerging Markets -- The Way Forward -- Abbreviations and Acronyms -- Glossary of Terms -- Notes...