Tag: INSEAD
Leading a board: What makes an effective chair?
Being the chair of a board is a great responsibility and a great challenge which requires something of a balancing act. On the one hand, the chair is arguably the most important person inside the company. On the other hand, board chairs have no instruments of organisational power, such as unilateral decision-making authority, investment budgets, or a pyramid of subordinates. […]
Read More… from Leading a board: What makes an effective chair?
Institutional investors and information acquisition: Implications for asset prices and informational efficiency
The research of Dr Adrian Buss (INSEAD) and Matthijs Breugem (Collegio Carlo Alberto) explores how the growth of assets under management by institutional investors with relative performance concerns influences the efficiency of financial markets, asset prices and investors’ portfolio returns. The team have developed a theoretical framework which illustrates, among others, that ‘benchmarking’ distorts the informational efficiency of stock prices. […]