Chapter

Institutional Investors

Roy C. Smith and Ingo Walter

in Governing the Modern Corporation

Published in print February 2006 | ISBN: 9780195171679
Published online September 2006 | e-ISBN: 9780199783618 | DOI: http://dx.doi.org/10.1093/0195171675.003.0006
 Institutional Investors

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This chapter explores the critical role of institutional investors as fiduciaries and in the governance of public companies. These institutions have more frequently encountered agency conflicts as the complexities of their businesses (managing pension funds, mutual funds, and 401ks of various types for both corporate and individual accounts) and competitive pressures have increased. They are powerful players in exercising control rights. As an industry, they can make the difference between governance successes and failures.

Keywords: institutional investors; corporate governance; public companies; asset management; pension funds; mutual funds

Chapter.  16776 words.  Illustrated.

Subjects: Microeconomics

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