Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy
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We seek to contribute to understanding index fund stewardship by providing a comprehensive theoretical, empirical, and policy analysis of such stewardship. We put forward an agency-cost theory of the stewardship decisions that index fund managers make. Our agency-costs analysis shows that index fund
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美国国家经济研究局创建时间：
2019-12-01
