ARCHIVES
VOL. 7, ISSUE 2 (2025)
A theoretical perspective of stewardship responsibilities of mutual funds
Authors
Dr. Vandana Gupta
Abstract
The existing literature provides ample evidence on the consequences of
institutional ownership on the performance of companies and their role in
strengthening the corporate governance mechanism of investee companies. We
examine such theories to see whether they are useful in explaining the
foundation or rationale behind the stewardship code for mutual funds brought
out by the Indian securities market regulator, SEBI. We also look at why sometimes these investors work for improving corporate governance
in investee firms rather than exiting and vice versa. We also do a
comprehensive review of literature examining the stewardship code.
Specifically, the following hypotheses viz., agency theory, monitoring
hypothesis, conflict of interest hypothesis, strategic alignment hypothesis and
efficiency abatement hypothesis are examined.
Download
Pages:29-34
How to cite this article:
Dr. Vandana Gupta "A theoretical perspective of stewardship responsibilities of mutual funds". International Journal of Finance and Commerce, Vol 7, Issue 2, 2025, Pages 29-34
Download Author Certificate
Please enter the email address corresponding to this article submission to download your certificate.