A new finance capitalism? Mutual funds and ownership re-concentration in the United States

By Gerald F. Davis. 2008

161 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/618d1363737f6d0e77c6e76fcd41d9b1f33cef61

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Finance

Citations in the corpus

Anticompetitive Effects of Common Ownership (2018, methodology): “The stark increase in MHHI delta in 2009 coincides with BlackRock’s acquisition of Barclays Global Investors that we will later use in one of our identification strategies. To put these numbers in perspective, the DOJ/FTC 2010 Horizontal Merger Guidelines state that, in highly concentrated markets (”
Shareholder Primacy, Corporate Social Responsibility, and the Role of Business Schools (2014, unknown): “More recent times have seen a return of more concentrated voting power of shareholders based primarily on three developments: (1) Since the days of Berle and Means, the composition of ownership on the stock market has shifted from a majority ownership by individual shareholders to a majority ownersh”
Common-Ownership Concentration and Corporate Conduct (2018, background): “Davis (2008) sees a “new finance capitalism” in the “re-concentration” of US industries through mutual funds.”
Ownership, Activism and Engagement: Institutional Investors as Active Owners (2016, unknown): “The responsible investment movement is a synthesis, emphasizing regard for economic and governance as well as social concerns under the rubric ESG. This view “converts moral into economic reason such that responsible investing will conform to the shareholder value imperative” (Welker & Wood, 2011: S”
The Sociology of Finance (2011, background): “Aside from pensions, households have also increased their involvement in the stock market through direct share ownership or via mutual funds and similar investment vehicles (Davis 2008, p. 15; Dynan 2009, pp. 65–66).”
Financialization of the Economy (2015, background): “These plans were overwhelmingly invested in the stock market, and by 2000 more than half of American households owned shares, compared to just one in five two decades earlier--another aspect of financialization (Davis 2008).”