Are Passive Investors Also Passive Voters? Evidence From Securities Lending by Mutual Funds

2020 ◽  
Author(s):  
Jing Xie
Keyword(s):  
Mutual Funds ◽  
Passive Investors

scholarly journals Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism

2018 ◽  
Vol 32 (7) ◽  
pp. 2720-2774 ◽  
Author(s):  
Ian R Appel ◽  
Todd A Gormley ◽  
Donald B Keim
Keyword(s):  
Mutual Funds ◽  
Institutional Investors ◽  
Free Rider ◽  
Recent Growth ◽  
Editorial Decision ◽  
Proxy Fights ◽  
Board Representation ◽  
Passive Investors

Abstract We analyze whether the growing importance of passive investors has influenced the campaigns, tactics, and successes of activists. We find activists are more likely to seek board representation when a larger share of the target company’s stock is held by passively managed mutual funds. Furthermore, higher passive ownership is associated with increased use of proxy fights, settlements, and a higher likelihood the activist achieves board representation or the sale of the targeted company. Our findings suggest that the recent growth of passive institutional investors mitigates free-rider problems and facilitates activists’ ability to engage in costly, value-enhancing forms of monitoring. Received September 28, 2016; editorial decision August 18, 2018 by Editor Andrew Karolyi.

Analysis of Selected Conventional and Sharia Compliance Mutual Funds in Oman

GIS Business ◽  
2019 ◽  
Vol 14 (6) ◽  
pp. 707-716
Author(s):  
Dr. Khaliquzzaman Khan ◽  
Dr. Meraj Naem
Keyword(s):  
Comparative Study ◽  
Mutual Funds ◽  
Sharpe Ratio ◽  
Significant Difference ◽  
Passive Investors ◽  
Sortino Ratio

Investment in mutual funds in Oman is getting more acceptable among the Omanis and other resident communitiesespecially in sharia compliance funds. This is a comparative study that aims to evaluate risks and returns of selected mutual funds in Oman for the period of 2016 till June 2018 from the perspective of passive investors in Oman. Till date there are three Sharia funds in Oman and all the three were launched in 2013. This research investigates the performance of mutual funds on the basis of average returns and the risks involved in the selected conventional and sharia funds applying different tools such as Sharpe ratio, Sortino ratio, Treynor ratio, and Jensen alpha. The study shows that there has been no significant difference in performances between the shariacompliance mutual funds and the selected conventional funds.

The Study of the Determinants Affecting the Performance of Mutual Funds in Indiaequity Mutual Fund

2019 ◽  
Vol 54 (5) ◽  
pp. 58
Author(s):  
Preeta Sinha ◽  
Tamal Taru Roy ◽  
Debi Prasad Lahiri
Keyword(s):  
Mutual Funds ◽  
Mutual Fund

Going the Distance

2020 ◽  
Author(s):  
Ron Harris
Keyword(s):  
Large Scale ◽  
Western Europe ◽  
Family Firms ◽  
Global Trade ◽  
Long Distance ◽  
Business Corporation ◽  
Modern Economy ◽  
Key Factor ◽  
Silk Route ◽  
Passive Investors

Before the seventeenth century, trade across Eurasia was mostly conducted in short segments along the Silk Route and Indian Ocean. Business was organized in family firms, merchant networks, and state-owned enterprises, and dominated by Chinese, Indian, and Arabic traders. However, around 1600 the first two joint-stock corporations, the English and Dutch East India Companies, were established. This book tells the story of overland and maritime trade without Europeans, of European Cape Route trade without corporations, and of how new, large-scale, and impersonal organizations arose in Europe to control long-distance trade for more than three centuries. It shows that by 1700, the scene and methods for global trade had dramatically changed: Dutch and English merchants shepherded goods directly from China and India to northwestern Europe. To understand this transformation, the book compares the organizational forms used in four major regions: China, India, the Middle East, and Western Europe. The English and Dutch were the last to leap into Eurasian trade, and they innovated in order to compete. They raised capital from passive investors through impersonal stock markets and their joint-stock corporations deployed more capital, ships, and agents to deliver goods from their origins to consumers. The book explores the history behind a cornerstone of the modern economy, and how this organizational revolution contributed to the formation of global trade and the creation of the business corporation as a key factor in Europe's economic rise.

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