Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/147804
Title: GEOGRAPHICAL PROXIMITY AND PEER EFFECTS IN MUTUAL FUNDS PROXY VOTING
Authors: HUANG QIYUAN
Issue Date: 2013
Citation: HUANG QIYUAN (2013). GEOGRAPHICAL PROXIMITY AND PEER EFFECTS IN MUTUAL FUNDS PROXY VOTING. ScholarBank@NUS Repository.
Abstract: This study examines whether geographical proximity facilitates coordinated voting by mutual funds. I construct a data set of 1,802,988 fund-vote observations in U.S. from 2003 to 2011 to analyze the proxy voting behavior of mutual funds in corporate elections. I find that geographical proximity among mutual fund managers is positively and significantly associated with coordinated voting. Moreover, the effect of geographical proximity on coordinated voting is more pronounced in firms with poor external governance and unfavorable prior performance. I further show that geographically concentrated mutual fund ownership is related to less affirmative support for the management, suggesting that geographic proximity play a significant role in facilitating disciplinary governance activities.
URI: http://scholarbank.nus.edu.sg/handle/10635/147804
Appears in Collections:Bachelor's Theses

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