Administrative contact: Vicky Batley, v.batley@lse.ac.uk
Institutional investors
Shareholder activism
Corporate governance
Financial markets
Financial crises
We ask why we observe multiple layers of decision-making in fund management with investors, sponsors, fund managers, and consultants, even if...
We show that supply-side effects arising from the bond holdings of open-end mutual funds affect corporate credit risk. In our model, funds exposed to...
Journal of Financial Economics, 144(2), 433-455
The growth of the asset management industry has made it commonplace for firms to have multiple institutional blockholders. In such firms, the strength...
Journal of Finance, 71(6), 2933-2966.
We develop a dual-layered agency model to study blockholder monitoring by activist funds that compete for investor flow. Competition for flow affects...
It is alleged that activist hedge funds congregate around a common target, with one acting as the "lead" activist and others as peripheral activists...
