Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Introduction Corporates and institutional investors alike face mounting pressure to address the climate change issue and drive down corporate greenhouse gas (GHG) emissions. Yet, executives are also measured against the financial objectives of the business, which can exist in tension with their climate goals. At this juncture, numerous firms are scaling back on ESG-promoting policies due to investor backlash.
The paper examines whether the fund managers in a given investing institution behave in a coordinated manner, in terms of their trading around the announcement of a major takeover by a company in which the institution has two or more separate holdings. Our data show that many institutional holdings consist of subholdings managed by separate fund managers.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
