The K@W Network:
Assistant Professor of Finance
Common wisdom says that despite being big shareholders, mutual funds have no real incentive to improve corporate governance. But new Wharton research shows that the opposite is true.
New Wharton research underscores the growing and important role of passive, or index-style investing.
New research by Wharton’s Todd Gormley shows that managers who “play it safe” may not take the risks that are necessary to create value for shareholders.