Roni MICHAELY
Prof. Roni MICHAELY
金融学
Associate Dean (Global Engagement)
Zhang Yonghong Professor in Finance
Founder & Executive Director, HKU-TLV Innovation Hub
Co-director, HKU Jockey Club Enterprise Sustainability Global Research Institute

3910 2185

KK 934

Publications
解释反对票:机构投资者借助投票理由推动公司治理改革

过去,机构投资者在对企业董事投下反对票时,极少公开说明反对的具体原因。而如今,这种情况正在改变。附在反对票上的简短书面说明——“投票理由”——正成为推动公司治理改革的利器。

Rise Of Index Funds Leads To Deterioration Of Corporate Governance Study Reveals Index Funds Put Less Efforts In Monitoring Their Portfolio Firms, Resulted In Power Imbalance Between Investors And Firm Managements

Over the past three decades, the rise of passively managed index funds has transformed how Americans and other investors around the world invest. In 1990, index funds held only less than 1% of all mutual fund assets. By 2018, this had grown to more than 30%, which worth over US$6 trillion and now represent the largest shareholders of many US corporations.