Dasgupta, Amil; Zachariadis, Konstantinos - C.E.P.R. Discussion Papers - 2011
Mutual funds are significant blockholders in many corporations. Concerns that funds vote in a pro-management manner to … voting in the presence of potential business ties. We characterize the limits of delegated activism by mutual funds pre- and … of disclosure also depends on the distribution of business ties amongst mutual funds. We provide support for existing …