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UID:20251110T171922EST-3252u791Jz@132.216.98.100
DTSTAMP:20251110T221922Z
DESCRIPTION:Matthew Ringgenberg\n\nUniversity of Utah\n\nThe Economics of I
 nvestor Engagement\n\nDate: Friday\, November 14\,2025\n	Time: 10:30-11:45 
 am\n	Location: Bronfman Bldg. (1001 Sherbrooke St. West)\, Room 245\n\nAll 
 are cordially invited to attend.\n\nAbstract:\n\nInstitutional investors e
 ngage with their portfolio companies to communicate information and prefer
 ences. Using a discrete choice model and novel data on engagement\, we fin
 d that the costs and benefits of engagement vary across funds and firms\, 
 with passive funds engaging relatively less than active funds due to their
  lower fees. Contrary to concerns that passive investing generates negativ
 e externalities\, we find that society and investors benefit from the rise
  of passive investing because active funds exhibit diseconomies of scale b
 ut passive funds do not. Our results highlight a misalignment between the 
 socially optimal and privately optimal behavior of institutional investors
 .\n
DTSTART:20251114T153000Z
DTEND:20251114T164500Z
LOCATION:Room 245\, Bronfman Building\, CA\, QC\, Montreal\, H3A 1G5\, 1001
  rue Sherbrooke Ouest
SUMMARY:Desmarais Global Finance Research Centre (DGFRC) Seminar: Matthew R
 inggenberg  
URL:/desautels/channels/event/desmarais-global-finance
 -research-centre-dgfrc-seminar-matthew-ringgenberg-368832
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