Defining responsible ownership: Cross-national persperctives

Ada Demb and Brenda Richey

European Management Journal, 1994, vol. 12, issue 3, 287-297

Abstract: As corporate ownership patterns change, institutional investors across the industrialized world are experimenting to find behaviors consistent with the responbibilities of their new ownership roles. Ada Demb and Brenda Richey explore the potential corporate governance role of these investors with a discussion of the major factors affecting both the logic and action of institutional owners. A comprehensive framework for cross national analysis of these issues is developed, with special emphasis on the previously unexplored issue of CEO leadership. The article concludes with a discussion of the practical questions these factors raise for institutional executives and an identification of those factors that present the most promising areas for future inquiry

Date: 1994
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