Review Essay: Institutional Shareholders, Short-Termism and the Odds of a Coincidence

(2020) 63 Canadian Business Law Journal 389

Posted: 1 Jul 2021

See all articles by Bryce Tingle, QC

Bryce Tingle, QC

University of Calgary - Faculty of Law

Date Written: September 1, 2020

Abstract

The essay reviews two recent book-length treatments of the rise of institutional shareholder power in the corporate governance arrangements of Western corporations, the internal incentives of those shareholders, and the economic consequences.

The books reviewed:

Corporate Governance and Investment Management: The Promises and Limitations of the New Financial Economy, by Roger M. Barker and Iris H.-Y. Chiu (Cheltenham, U.K.; Northampton, Massachusetts: Edward Elgar, 2017)

Corporate Law and Economic Stagnation: How Shareholder Value and Short-Termism Contribute to the Decline of Western Economies, by Pavlos E. Masouros (The Hague, Netherlands: Eleven International Publishing, 2013)

Keywords: corporate governance, corporate law, securities law, financial markets, short-termism

JEL Classification: K22, G30, L22

Suggested Citation

Tingle, Bryce, Review Essay: Institutional Shareholders, Short-Termism and the Odds of a Coincidence (September 1, 2020). (2020) 63 Canadian Business Law Journal 389, Available at SSRN: https://ssrn.com/abstract=3868465

Bryce Tingle (Contact Author)

University of Calgary - Faculty of Law ( email )

Murray Fraser Hall
2500 University Dr. N.W.
Calgary, Alberta T2N 1N4
Canada
1 (403) 220-8247 (Phone)

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