As Thom previously posted , he and I have a new paper explaining The Case for Doing Nothing About Common Ownership of Small Stakes in
Common Ownership, Competition, and Top Management Incentives
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SSRN Electronic Journal
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- Common ownership; competition; CEO pay; management incentives; governance
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If firms are commonly owned by the same mutual funds and pension funds, why should they compete with each other? This question won’t qui...
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The better the company performs compared to its peers, the more top executives should receive in pay, bonuses and stock awards. Right?