Active Institutional Shareholders and Costs of Monitoring: Evidence from Executive Compensation

Authors:
  • AAAndres Almazan
    Andres Almazan
  • JHJay C. Hartzell
    Jay C. Hartzell
  • LSLaura T. Starks
    Laura T. Starks
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Abstract
Although evidence suggests that institutional investors play a role in monitoring management, not all institutions are equally willing or able to serve this fun