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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Bibliografiske detaljer
Hovedforfatter: Yang, Yuanchen
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2021.
Serier:IMF Working Papers; Working Paper ; No. 2021/158
Fag:
Online adgang:Full text available on IMF