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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fttriple:oai:gotriple.eu:10670/1.onkb2l 2023-05-15T16:49:33+02:00 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 ParisTech - 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) Reykjavik, Iceland 2018-06-20 https://hal-mines-paristech.archives-ouvertes.fr/hal-01791931v1/file/Euram%202018%20v%20hal.pdf https://hal-mines-paristech.archives-ouvertes.fr/hal-01791931 en eng HAL CCSD hal-01791931 10670/1.onkb2l https://hal-mines-paristech.archives-ouvertes.fr/hal-01791931v1/file/Euram%202018%20v%20hal.pdf https://hal-mines-paristech.archives-ouvertes.fr/hal-01791931 other Hyper Article en Ligne - Sciences de l'Homme et de la Société EURAM 2018 EURAM 2018, Jun 2018, Reykjavik, Iceland scipo eco Conference Output https://vocabularies.coar-repositories.org/resource_types/c_c94f/ 2018 fttriple 2023-01-22T17:10:23Z 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. Other/Unknown Material Iceland Unknown |
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scipo eco BELINGA, Rachelle Segrestin, Blanche Principals and stewards? An exploration of the role of institutional investors in corporate governance |
topic_facet |
scipo eco |
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 ParisTech - 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) |
format |
Other/Unknown Material |
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://hal-mines-paristech.archives-ouvertes.fr/hal-01791931v1/file/Euram%202018%20v%20hal.pdf https://hal-mines-paristech.archives-ouvertes.fr/hal-01791931 |
op_coverage |
Reykjavik, Iceland |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Hyper Article en Ligne - Sciences de l'Homme et de la Société EURAM 2018 EURAM 2018, Jun 2018, Reykjavik, Iceland |
op_relation |
hal-01791931 10670/1.onkb2l https://hal-mines-paristech.archives-ouvertes.fr/hal-01791931v1/file/Euram%202018%20v%20hal.pdf https://hal-mines-paristech.archives-ouvertes.fr/hal-01791931 |
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other |
_version_ |
1766039681168834560 |