The antecedents of institutional investor activism

被引:177
作者
Ryan, LV [1 ]
Schneider, M
机构
[1] San Diego State Univ, Corp Governance Inst, San Diego, CA 92182 USA
[2] New Jersey Inst Technol, Sch Management, Newark, NJ 07102 USA
关键词
D O I
10.2307/4134403
中图分类号
F [经济];
学科分类号
02 ;
摘要
The fledgling literature concerning institutional investors' impact on U.S. corporations has been plagued by mixed results. We argue that an improved understanding of an intervening variable-investor activism-may help to clarify future studies. In this article we synthesize the financial, legal, and management literature to arrive at an integrated model of twelve key variables that may lead to variations in these investors' levels of activism and, hence, their impact on firm behavior.
引用
收藏
页码:554 / 573
页数:20
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