Are Passive Institutional Investors Engaged Monitors or Risk-Averse Owners? : Both! /
We differentiate the effects of passive institutional investors, which mainly refer to index funds that adopt a passive portfolio strategy, on firms' innovation activities and innovation strategies. Relying on plausibly exogenous variation in passive institutional ownership generated by Russell...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2021.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 2021/158 |
| Assuntos: | |
| Acesso em linha: | Full text available on IMF |