Open AccessAn international comparative study of the influence of investment funds on enterprise management
Author(s) -
Yumiko Miwa
Publication year - 2021
Publication title -
impact
Language(s) - English
Resource type - Journals
eISSN - 2398-7081
pISSN - 2398-7073
DOI - 10.21820/23987073.2021.3.41
Subject(s) - hedge fund , institutional investor , fund of funds , global assets under management , shareholder , business , pension , finance , capital market , investment (military) , accounting , corporate governance , market liquidity , politics , political science , law
In the world of business nowadays there is a focus on shareholders, and a lack of separation between ownership and management. Innovations in investment technology have led to a growth in the assets of institutional investors and an increased influence of investors. Indeed, many investors have assumed the role of 'speaking shareholder' for the companies in question. This is referred to as hedge fund activism, with once silent investors becoming shareholders and, as a result, individuals and hedge funds are able to dominate the activities of companies. From the late 1990s to the early 2000s this situation was centred around pension funds but now revolves around hedge funds. Professor Yumiko Miwa, Graduate School of Commerce, Meiji University, Japan, is conducting an international comparative study of the influence of investment funds on enterprise management. This research investigates anti-takeover measures, preferential treatments and addresses potential conflicts of interest. In other research, Miwa is working to address the stance taken by some companies that women are socially disadvantaged. The topic of this research is Women Working in the Capital Markets.