Financial Times / IR Magazine
US index funds less likely to hold companies to account, study finds
Prof. Roni Michaely recent study "Do Index Fund Monitor?” mentioned in the Financial Times and in the IR Magazine.
The paper co-written by Davidson Heath, Daniele Macciocchi, and Matthew Ringgenberg from the University of Utah has found that US index funds vote against management at investee companies less frequently than their actively managed counterparts when it comes to shareholder proposals on contentious issues such as executive pay.
According to this research, the difference suggests passive managers are not as likely to hold companies to account.
- To read the article of the Financial Times, please click on the link.
- To read the article of the IR Magazine, please click on the link.
2019
