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Monitoring the Monitor: Distracted Institutional Investors and Board Governance

Monitoring the Monitor: Distracted Institutional Investors and Board Governance

https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_crossref_primary_10_1093_rfs_hhaa014

Monitoring the Monitor: Distracted Institutional Investors and Board Governance

About this item

Full title

Monitoring the Monitor: Distracted Institutional Investors and Board Governance

Publisher

Oxford University Press

Journal title

The Review of financial studies, 2020-10, Vol.33 (10), p.4489-4531

Language

English

Formats

Publication information

Publisher

Oxford University Press

More information

Scope and Contents

Contents

Boards are crucial to shareholder wealth. Yet little is known about how shareholder oversight affects director incentives. Using exogenous shocks to institutional investor portfolios, we find that institutional investor distraction weakens board oversight. Distracted institutions are less likely to discipline ineffective directors with negative vot...

Alternative Titles

Full title

Monitoring the Monitor: Distracted Institutional Investors and Board Governance

Authors, Artists and Contributors

Identifiers

Primary Identifiers

Record Identifier

TN_cdi_crossref_primary_10_1093_rfs_hhaa014

Permalink

https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_crossref_primary_10_1093_rfs_hhaa014

Other Identifiers

ISSN

0893-9454

E-ISSN

1465-7368

DOI

10.1093/rfs/hhaa014

How to access this item