Institutional ownership and control: implications for long-term corporate strategy
总结了机构投资者在美国公司战略决策中日益活跃的研究，指出其可能因短期视野和有限知识而对长期战略产生非中性影响。
Executive Overview Institutional owners are taking a more active role in strategic decision-making in American corporations. In this article, the research that has been done in this area is summarized. We argue that the impact of institutional ownership on strategic management may not be neutral, as institutional investors may have a shortened timeframe for critical decisions made on the basis of limited knowledge of the firms or industries in which they operate. This article discusses the implications of the shift toward institutional control of corporations.