Abstract

http://ssrn.com/abstract=1571046
 
 

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Behind the Scenes: The Corporate Governance Preferences of Institutional Investors


Joseph A. McCahery


Tilburg University - School of Law; European Banking Center (EBC); European Corporate Governance Institute (ECGI); Duisenberg School of Finance; Tilburg Law and Economics Center (TILEC)

Zacharias Sautner


Frankfurt School of Finance & Management gemeinnützige GmbH

Laura T. Starks


University of Texas at Austin - Department of Finance

January 13, 2011

AFA 2011 Denver Meetings Paper
Tilburg Law School Research Paper No. 010/2010

Abstract:     
Institutional investors are a dominant force in financial markets today, yet their preferences about corporate governance are generally undisclosed and their activities in this area tend to be performed behind the scenes. We conduct a survey to elicit institutional investors’ views on investor protection and corporate governance. We find that among the institutions that respond to our survey, corporate governance is important to their investment decisions and the majority are willing to engage in shareholder activism.

Number of Pages in PDF File: 61

Keywords: Institutional investors, corporate governance, shareholder activism

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Date posted: March 15, 2010 ; Last revised: November 11, 2013

Suggested Citation

McCahery, Joseph A. and Sautner, Zacharias and Starks, Laura T., Behind the Scenes: The Corporate Governance Preferences of Institutional Investors (January 13, 2011). AFA 2011 Denver Meetings Paper; Tilburg Law School Research Paper No. 010/2010. Available at SSRN: http://ssrn.com/abstract=1571046 or http://dx.doi.org/10.2139/ssrn.1571046

Contact Information

Joseph A. McCahery
Tilburg University - School of Law; European Banking Center (EBC) ( email )
Warandelaan 2
Tilburg, 5000 LE
Netherlands
+31-(0)13-466-2306 (Phone)
+31-(0)13-466-2323 (Fax)
European Corporate Governance Institute (ECGI)
c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
HOME PAGE: http://www.ecgi.org
Duisenberg School of Finance ( email )
Gustav Mahlerplein 117
Amsterdam, 1082 MS
Netherlands
Tilburg Law and Economics Center (TILEC)
Warandelaan 2
Tilburg, 5000 LE
Netherlands
Zacharias Sautner (Contact Author)
Frankfurt School of Finance & Management gemeinnützige GmbH ( email )
Sonnemannstraße 9-11
Frankfurt am Main, 60314
Germany
Laura T. Starks
University of Texas at Austin - Department of Finance ( email )
Red McCombs School of Business
Austin, TX 78712
United States
512-471-5899 (Phone)
512-471-5073 (Fax)
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