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“…Moreover, some activist institutional investors existed, notably CalPERS. Legal scholars, notably Bernard S. Black in his seminal 1992 article Agents Watching Agents, 227 therefore looked to institutional investors to discipline corporations. 228 Since then, the promise of institutional shareholding to improve corporate governance has turned out to be rather limited.…”
Section: Possible Consequences Of Institutional-investor Dominancementioning
confidence: 99%
“…Moreover, some activist institutional investors existed, notably CalPERS. Legal scholars, notably Bernard S. Black in his seminal 1992 article Agents Watching Agents, 227 therefore looked to institutional investors to discipline corporations. 228 Since then, the promise of institutional shareholding to improve corporate governance has turned out to be rather limited.…”
Section: Possible Consequences Of Institutional-investor Dominancementioning
confidence: 99%
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