Authors:

  • Lucian Bebchuk

Excerpt

Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy. Lucian Bebchuk, November 28, 2018, Opinion, "Index funds own an increasingly large proportion of American public companies, currently more than one fifth and steadily growing. Understanding the stewardship decisions of index fund managers—how they monitor, vote, and engage with their portfolio companies—is critical for corporate law scholarship. In a study that we recently placed on SSRN—Index Funds and the Future of Corporate Governance: Theory, Evidence and Policy—we seek to contribute to such understanding by providing a comprehensive theoretical, empirical, and policy analysis of index fund stewardship." Link