K.J. Martijn Cremers

Marijn Cremers, University of Notre Dame Mendoza College of Business, LAMB Faculty Fellow

K.J. Martijn Cremers
Martin J. Gillen Dean at Notre Dame's Mendoza College of Business
Bernard J. Hank Professor of Finance 
LAMB Faculty Fellow


574-631-4476
mcremers@nd.edu

 

Spotlight Research: Institutional Investors, Corporate Governance, and Firm Value

In the corporate governance debate, the short-term versus long term contention has grown into perhaps today’s most controversial topic. In this debate, descriptions of institutional investors tend to present a dichotomic nature. These investors are alternatively portrayed as homogenously short-termist or as consistent “forces for good,” focused on targeting underperforming companies. This Article moves beyond this dichotomy. It shows empirically that aggregate institutional investor behavior presents nuances that depend on a variety of factors, including individual firm characteristics, institutional ownership levels, and institutional propensity toward activism.

Citation: K.J. Martijn Cremers and Simone M. Sepe, Institutional Investors, Corporate Governance, and Firm Value, 41 SEATTLE U. L. REV. 387 (2018).

Other Research