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Full-Text Articles in Law
Oregon's Experiment With Sustainable Corporate Governance: A Friendly Critique, Robert C. Illig
Oregon's Experiment With Sustainable Corporate Governance: A Friendly Critique, Robert C. Illig
Robert C Illig
No abstract provided.
Hedge Funds: The Missing Link In Executive Pay Reform, Robert Illig
Hedge Funds: The Missing Link In Executive Pay Reform, Robert Illig
Robert C Illig
No abstract provided.
What Hedge Funds Can Teach Corporate America: A Roadmap For Achieving Institutional Investor Oversight, Robert C. Illig
What Hedge Funds Can Teach Corporate America: A Roadmap For Achieving Institutional Investor Oversight, Robert C. Illig
Robert C Illig
Hedge funds and other private equity funds are aggressive monitors of corporate America. Their investment strategies are designed to squeeze agency costs and other inefficiencies out of underperforming companies. Mutual funds and public pension funds, by contrast, have remained relentlessly passive despite their many resources. Rather than seek to improve the performance of their portfolio companies, they generally prefer to exit any investments that turn sour. Why the difference? In this Article, Professor Illig compares the business environments and regulatory regimes affecting different types of institutional investors. He concludes that the primary reason that most institutional investors do not better …