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Institutional investors as stewards of the corporation: Exploring the challenges to the monitoring hypothesis
2017
Business Ethics. A European Review
The study explores the challenges UK-based institutional investors face when trying to monitor investee companies and influence their social, environmental, and governance practices. Consistent with previous research, I find that misalignment of interests within the investment chain and dispersed ownership are factors which inhibit investor activism. However, other underexplored challenges include lack of investee company transparency and investor experience in activism, as well as low client
doi:10.1111/beer.12142
fatcat:eodgndnvrrau7prxpm4rexikuq