is considerable debate about the effects of this growth on corporate governance. The goal of this paper is to review the … literature on the governance implications of passive fund growth and discuss directions for future research. In particular, we … present a framework to understand the incentives of passive and actively managed funds to engage in governance, review the …

This study provides new evidence on the impact of governance on the performance of privately defined contribution … pension plans. Using a hand collected data set on governance factors, the study shows that the external and internal … governance mechanisms in pension plans are weak. One explanation for this weakness is the potential conflict between the pension …

guidelines. The paper focuses mainly on the general size and structure of the funds, the investment framework and the governance … of the funds. The internal management of the funds appears to be strong, with governance and risk management structures …

corporate governance. We start with the underlying property rights of public corporations; we discuss how blockholders are … active in firm governance. We then examine what distinguishes a blockholder from an ordinary shareholder and advocate … blockholder governance through both voice (direct intervention) and exit (selling one's shares). We survey the empirical evidence …