Passive Ownership - Publications - Faculty & Research

Forthcoming
Article

Passive Ownership and Price Informativeness

I show that passive ownership negatively affects the degree to which stock prices anticipate earnings announcements. Estimates across several research designs imply that the rise in passive ownership over the last 30 years has caused the amount of information... View Details

Keywords: Passive Ownership; ETFs; Market Efficiency; Price; Investment Funds; Stocks; Communication

30 Jan 2017
Research & Ideas

Vanguard, Trian And The Problem With 'Passive' Index Funds

in index funds while $310 billion exited actively managed funds. But have they become too popular? Researchers and analysts are increasingly concerned that managers in companies with a large number of passive fund investors can too easily... View Details

Keywords: by Michael Blanding; Financial Services

July 2020
Case

Driving Transformation at the Majid Al Futtaim Group

By: Suraj Srinivasan and Esel Çekin

The case opens with Alain Bejjani, CEO of Majid Al Futtaim (MAF) Holding, anticipating on the Group’s next phase in the multi-year transformation journey and reflecting on the initiatives he implemented to create the Group’s growth-oriented culture. Founded in 1995,... View Details

Keywords: Transformation; Organizational Change and Adaptation; Organizational Culture; Growth and Development Strategy; Retail Industry; United Arab Emirates; Middle East; Dubai

Citation

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12 Nov 2001
Research & Ideas

The Three Components of Family Governance

both genders, in-laws, actives and passive owners, hometown and geographically distant relatives. The family council typically meets a few times each year for one or two days each time. Most families reimburse family council members for... View Details

24 Aug 2010
First Look

First Look: August 24

achieved higher profits when employees were passive (proactive). Study 2 constructively replicates these findings in the laboratory: passive (proactive) groups achieved higher performance when leaders acted... View Details

Keywords: Sean Silverthorne

28 Aug 2017
Research & Ideas

Should Industry Competitors Cooperate More to Solve World Problems?

horizon and a significant common ownership of companies within the same industry or supply chain. Two types of investors satisfy both criteria. First, large, mostly passive asset managers such as BlackRock,... View Details

Keywords: by Sean Silverthorne; Financial Services; Manufacturing; Agriculture & Agribusiness; Mining

07 Apr 2008
Research & Ideas

The Debate over Taxing Foreign Profits

taxes, and this effectively reduces the tax burden on foreign profits. But, to receive the benefits of deferral, Cummins must reinvest the profits in active businesses as opposed to passive portfolio assets. Finally, a number of... View Details

Keywords: by Sean Silverthorne

17 Apr 2012
First Look

First Look: April 17

with the conditioned odor, participants were found to be (i) more creative and (ii) better able to select their most creative idea than participants who had been exposed to a control odor or no odor while sleeping. These findings suggest that we do not have to View Details

Keywords: Carmen Nobel

14 Oct 2002
Research & Ideas

The Widening Rift Between Corporations and Society

processes of production and distribution. This was a massive innovation over the older model of a single owner who tried to oversee everything. Under managerial capitalism, ownership became dispersed, but control remained concentrated in... View Details

Keywords: by Martha Lagace

19 Feb 2019
First Look

New Research and Ideas, February 19, 2019

the table in their insurance-plan choices, sometimes thousands of dollars. This is true both when consumers make active choices (e.g., they do not have a default plan) and when they make passive choices (e.g., they have a default plan).... View Details