Do Passive Investors Impact Corporate Governance?
The trend towards passive investing, and the decline of the active manager, has raised concerns that firms’ corporate governance could start to slip, as passive investors are less inclined to raise governance concerns than their active peers.
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Corporate governance: Passive Investors, Not Passive Owners
Passive Investors, Not Passive Owners, a study by Ian R. Appel, Todd A. Gormley, and Donald B. Keim examined whether passive
