Chapter 9. The Sophisticated Investor and the Global Financial Crisis

Chapters in this book

1. Frontmatter i
2. Contents v
3. Chapter 1. Introduction 1
4. Chapter 2. Beyond Risk: Notes Toward a Responsible Investment Theory 26
5. Chapter 3. The Quality of Corporate Governance Within Financial Firms in Stressed Markets 52
6. Chapter 4. Chasing Alpha: An Ideological Explanation of the Catastrophic Failure in the U.K.'s Financial Services Industry 83
7. Chapter 5. Corporate Governance, Risk Analysis, and the Financial Crisis: Did Universal Owners Contribute to the Crisis? 97
8. Chapter 6. Great Expectations: Institutional Investors, Executive Remuneration, and ‘‘Say on Pay’’ 115
9. Chapter 7. Against Stupidity, the Gods Themselves Contend in Vain: The Limits of Corporate Governance in Dealing with Asset Bubbles 144
10. Chapter 8. Real Estate, Governance, and the Global Economic Crisis 165
11. Chapter 9. The Sophisticated Investor and the Global Financial Crisis 188
12. Chapter 10. The Role of Investment Consultants in Transforming Pension Fund Decision Making: The Integration of Environmental, Social, and Governance Considerations into Corporate Valuation 217
13. Chapter 11. Funding Climate Change: How Pension Fund Fiduciary Duty Masks Trustee Inertia and Short-Termism 242
14. Notes 279
15. List of Contributors 335
16. Index 337
17. Acknowledgments 343