Thursday, January 14 2-3 PM (EST)–IRRC Webinar
We will review the findings of the 2015 IRRC Institute Research Award winning academic research, Passive Investors, Not Passive Owners. The research finds that while passive investors – such as those that invest through index funds – are not active owners in the traditional sense of accumulating or selling shares so as to exert influence over managers and their choices, they are far from passive owners. Instead, the research finds that passively managed mutual funds, and the institutions that offer them, use their large voting blocs to exercise voice and exert influence on firms’ governance. The authors include Ian R. Appel, Ph.D., assistant professor of finance at the Carroll School of Management at Boston College; Todd A. Gormley, Ph.D., assistant professor of finance at The Wharton School; and Donald B. Keim, professor of finance and director of the Rodney L. White Center for Financial Research at the Wharton School, University of Pennsylvania.
To register: Webinar.