Passive Investors, Not Passive Owners

By Ian R. Appel, Todd A. Gormley, Donald B. Keim. 2016

741 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/b9f3396331b098077a8d527304eca55d0ec7c647

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Citations in the corpus

How does quasi-indexer ownership affect corporate tax planning? (2019, positive): “Appel et al. (2016) define ROA as net income divided by total assets.”
Who’s Paying Attention? Measuring Common Ownership and Its Impact on Managerial Incentives (2019, neutral): “GGL GGLConvex GGLConcave GGLTop 5 GGL5% (1) (2) (3) (4) (5) Both S&P 500 Dummyijt 2.”
Common Ownership in America: 1980–2017 (2019, background): “…implausible given the degree of corporate governance involvement, the statements of investment managers themselves Fink (2018), as well as a line of research showing the positive corporate governance effects of having large institutional shareholders (Boone and White, 2015; Appel et al., 2016).”
Do Index Funds Monitor? (2021, background): “, Boone and White (2015), Appel et al. (2016), Crane et al.”
Investmentless Growth: An Empirical Investigation (2016, positive): “Appel et al. [2016a] find that passive owners influence firms’ governance choices (they lead to more independent directors, lower takeover defenses, and more equal voting rights; as well as more votes against management).”
Anticompetitive Effects of Common Ownership (2018, background): “For example, Vanguard explains their corporate governance engagements under the title “passive investors, not passive owners” (Booraem, 2014); the Financial Times, in an article titled “passive investment, active ownership,” quotes the former head of corporate governance at TIAA-CREF as saying: “Hav”