Project on Institutional Investors

The Institutional Investors Project, operated by the Harvard Law School Program on Corporate Governance and the Harvard Law School Program on Law and Finance, seeks to foster research, discourse, and education with respect to Institutional Investors.

Research studies on the subject by faculty and fellows associated with the Programs include:

The Causal Mechanisms of Horizontal Shareholding

Einer Elhauge
82 Ohio State Law Journal (forthcoming, 2021)

A System of Fiduciary Protections for Mutual Funds, in Fiduciary Obligations in Business

Howell E. Jackson
Fiduciary Obligations in Business (forthcoming, Arthur Laby & Jacob H. Russell, eds., Cambridge University Press)

Comment Letter on the Securities Exchange Commission’s Request for Comment on the Names Rule for Mutual Funds in Light of ESG Investing and Other Market Developments

Max M. Schanzenbach and Robert H. Sitkoff
(2020)

ESG Investing: Theory, Evidence, and Fiduciary Principles

Max M. Schanzenbach and Robert H. Sitkoff
Journal of Financial Planning, (forthcoming, 2020)

The Specter of the Giant Three

Lucian A. Bebchuk and Scott Hirst
99 Boston University Law Review, 721-741 (2019)

Fiduciary Blind Spot the Failure of Institutional Investors to Prevent the Illegitimate Use of Working Americans’ Savings for Corporate Political Spending,

Leo Strine
Washington University Law Review, 1007 (2019)

The Future of Corporate Governance Part I: The Problem of Twelve

John C. Coates, IV
Harvard Public Law Working Paper No. 19-07

Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy

Lucian A. Bebchuk and Scott Hirst
119 Columbia Law Review, 2029-2146 (2019)

New Special Study of the Securities Markets: Intermediaries

Allen Ferrell, and John Morley
Yale Law & Economics Research Paper No. 580 (2017)

The Agency Problems of Institutional Investors

Lucian A. Bebchuk, Alma Cohen, and Scott Hirst
31 Journal of Economic Perspectives, 89-102 (2017)

Social Responsibility Resolutions

Scott Hirst
43 Journal of Corporation Law, 217-244 (2017)

The Growing Problem of Horizontal Shareholding

Einer Elhauge
Competition Policy International Antitrust Chronicle (2017)

Horizontal Shareholding

Einer Elhauge
129 Harvard Law Review, 1227- 1317 (2016)

Quantifying Institutional Block Ownership, Domestic and Foreign, at Publicly Traded U.S. Corporations

John C. Coates, IV, Ronald A. Fein, Kevin P. Crenny, and Li Wei Vivian Dong
Harvard Law School John M. Olin Center for Law, Economics & Business, Discussion Paper No. 888 (2016)

Thirty Years of Evolution in the Roles of Institutional Investors in Corporate Governance

John C. Coates, IV
Research Handbook on Shareholder Power (Jennifer Hill and Randall Thomas (eds.), Edward Elgar Publishing, 2015)

Are Institutional Investors Part of the Problem or Part of the Solution?

Stephen Davis and Ben Heineman, Jr.
Report of the Committee for Economic Development and Yale School of Management–Millstein Center for Corporate Governance and Performance (2011)

The Downside of Judicial Restraint: The (Non-)Effect of Jones V. Harris

John C. Coates, IV
6 Duke Journal of Constitutional Law & Public Policy, 58-65 (2010)