Principals and stewards? An exploration of the role of institutional investors in corporate governance
International audience The role of institutional investors in corporate governance has significantly increased. Many agency theory scholars have even praised the monitoring influence they have or could have on corporations and executive managers. Yet, recently, there have been repeated calls in favo...
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ftepunivpsaclay:oai:HAL:hal-01791931v2 2024-10-13T14:08:25+00:00 Principals and stewards? An exploration of the role of institutional investors in corporate governance Belinga, Rachelle Segrestin, Blanche Centre de Gestion Scientifique i3 (CGS i3) Mines Paris - PSL (École nationale supérieure des mines de Paris) Université Paris Sciences et Lettres (PSL)-Université Paris Sciences et Lettres (PSL)-Institut interdisciplinaire de l’innovation (I3) École polytechnique (X) Institut Polytechnique de Paris (IP Paris)-Institut Polytechnique de Paris (IP Paris)-Mines Paris - PSL (École nationale supérieure des mines de Paris) Université Paris Sciences et Lettres (PSL)-Université Paris Sciences et Lettres (PSL)-Centre National de la Recherche Scientifique (CNRS)-Télécom Paris-École polytechnique (X) Institut Polytechnique de Paris (IP Paris)-Institut Polytechnique de Paris (IP Paris)-Centre National de la Recherche Scientifique (CNRS)-Télécom Paris Reykjavik, Iceland 2018-06-20 https://minesparis-psl.hal.science/hal-01791931 https://minesparis-psl.hal.science/hal-01791931v2/document https://minesparis-psl.hal.science/hal-01791931v2/file/Belinga%20Segrestin%202018%20EUram.pdf en eng HAL CCSD hal-01791931 https://minesparis-psl.hal.science/hal-01791931 https://minesparis-psl.hal.science/hal-01791931v2/document https://minesparis-psl.hal.science/hal-01791931v2/file/Belinga%20Segrestin%202018%20EUram.pdf info:eu-repo/semantics/OpenAccess EURAM 2018 https://minesparis-psl.hal.science/hal-01791931 EURAM 2018, Jun 2018, Reykjavik, Iceland [SHS.GESTION]Humanities and Social Sciences/Business administration info:eu-repo/semantics/conferenceObject Conference papers 2018 ftepunivpsaclay 2024-09-20T00:11:52Z International audience The role of institutional investors in corporate governance has significantly increased. Many agency theory scholars have even praised the monitoring influence they have or could have on corporations and executive managers. Yet, recently, there have been repeated calls in favour of investor " stewardship ". Drawing on a multidisciplinary review and on legal and regulatory materials, this article proposes an exploration of the concept of institutional investor stewardship. We provide a genealogical analysis of institutional investor stewardship that suggests that shareholder stewardship proceeds from the disparity between usual theoretical representations of shareholders and the rising influence of institutional ownership. We make two contributions. First, we contribute to the debate surrounding the role of institutional investors with an analysis of the emergence of renewed standards for institutional investors. Second, we contribute by clarifying the specific representation of shareholders, which was implied in traditional corporate governance models. Conference Object Iceland École Polytechnique, Université Paris-Saclay: HAL |
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École Polytechnique, Université Paris-Saclay: HAL |
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English |
topic |
[SHS.GESTION]Humanities and Social Sciences/Business administration |
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[SHS.GESTION]Humanities and Social Sciences/Business administration Belinga, Rachelle Segrestin, Blanche Principals and stewards? An exploration of the role of institutional investors in corporate governance |
topic_facet |
[SHS.GESTION]Humanities and Social Sciences/Business administration |
description |
International audience The role of institutional investors in corporate governance has significantly increased. Many agency theory scholars have even praised the monitoring influence they have or could have on corporations and executive managers. Yet, recently, there have been repeated calls in favour of investor " stewardship ". Drawing on a multidisciplinary review and on legal and regulatory materials, this article proposes an exploration of the concept of institutional investor stewardship. We provide a genealogical analysis of institutional investor stewardship that suggests that shareholder stewardship proceeds from the disparity between usual theoretical representations of shareholders and the rising influence of institutional ownership. We make two contributions. First, we contribute to the debate surrounding the role of institutional investors with an analysis of the emergence of renewed standards for institutional investors. Second, we contribute by clarifying the specific representation of shareholders, which was implied in traditional corporate governance models. |
author2 |
Centre de Gestion Scientifique i3 (CGS i3) Mines Paris - PSL (École nationale supérieure des mines de Paris) Université Paris Sciences et Lettres (PSL)-Université Paris Sciences et Lettres (PSL)-Institut interdisciplinaire de l’innovation (I3) École polytechnique (X) Institut Polytechnique de Paris (IP Paris)-Institut Polytechnique de Paris (IP Paris)-Mines Paris - PSL (École nationale supérieure des mines de Paris) Université Paris Sciences et Lettres (PSL)-Université Paris Sciences et Lettres (PSL)-Centre National de la Recherche Scientifique (CNRS)-Télécom Paris-École polytechnique (X) Institut Polytechnique de Paris (IP Paris)-Institut Polytechnique de Paris (IP Paris)-Centre National de la Recherche Scientifique (CNRS)-Télécom Paris |
format |
Conference Object |
author |
Belinga, Rachelle Segrestin, Blanche |
author_facet |
Belinga, Rachelle Segrestin, Blanche |
author_sort |
Belinga, Rachelle |
title |
Principals and stewards? An exploration of the role of institutional investors in corporate governance |
title_short |
Principals and stewards? An exploration of the role of institutional investors in corporate governance |
title_full |
Principals and stewards? An exploration of the role of institutional investors in corporate governance |
title_fullStr |
Principals and stewards? An exploration of the role of institutional investors in corporate governance |
title_full_unstemmed |
Principals and stewards? An exploration of the role of institutional investors in corporate governance |
title_sort |
principals and stewards? an exploration of the role of institutional investors in corporate governance |
publisher |
HAL CCSD |
publishDate |
2018 |
url |
https://minesparis-psl.hal.science/hal-01791931 https://minesparis-psl.hal.science/hal-01791931v2/document https://minesparis-psl.hal.science/hal-01791931v2/file/Belinga%20Segrestin%202018%20EUram.pdf |
op_coverage |
Reykjavik, Iceland |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
EURAM 2018 https://minesparis-psl.hal.science/hal-01791931 EURAM 2018, Jun 2018, Reykjavik, Iceland |
op_relation |
hal-01791931 https://minesparis-psl.hal.science/hal-01791931 https://minesparis-psl.hal.science/hal-01791931v2/document https://minesparis-psl.hal.science/hal-01791931v2/file/Belinga%20Segrestin%202018%20EUram.pdf |
op_rights |
info:eu-repo/semantics/OpenAccess |
_version_ |
1812815106436759552 |