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- Title
THE ANTECEDENTS OF INSTITUTIONAL INVESTOR ACTIVISM.
- Authors
Ryan, Lori Verstegen; Schneider, Marguerite
- Abstract
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.
- Subjects
UNITED States; INSTITUTIONAL investors; INVESTORS; ACTIVISM; INVESTOR relations (Corporations); CORPORATIONS; MANAGEMENT literature; LEGAL literature; PENSION trusts; MUTUAL funds
- Publication
Academy of Management Review, 2002, Vol 27, Issue 4, p554
- ISSN
0363-7425
- Publication type
Article
- DOI
10.5465/AMR.2002.7566068