Review Essay: Institutional Shareholders, Short-Termism and the Odds of a Coincidence
(2020) 63 Canadian Business Law Journal 389
Posted: 1 Jul 2021
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: Suggested Citation