Behind the Scenes: The Corporate Governance Preferences of Institutional Investors

We survey institutional investors to better understand their role in the corporate governance of firms. Consistent with a number of theories, we document widespread behind-the-scenes intervention as well as governance-motivated exit. These governance mechanisms are viewed as complementary devices, w...

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Bibliographic Details
Published in:	The Journal of finance (New York) Vol. 71; no. 6; pp. 2905 - 2932
Main Authors:	McCAHERY, JOSEPH A., SAUTNER, ZACHARIAS, STARKS, LAURA T.
Format:	Journal Article
Language:	English
Published:	Cambridge Blackwell Publishing Ltd 01.12.2016 Wiley Periodicals, Inc Wiley Blackwell Publishers Inc
Subjects:	2013 Advisors Asset management Business entities Corporate governance Governance Institutional investments Internet Intervention Investment horizon Investors Liquidity Portfolio management Proxies Proxy reporting Proxy statements Shareholders Studies
ISSN:	0022-1082, 1540-6261
Online Access:	Get full text
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