Samskipti fagfjárfesta við félög sem þeir eru hluthafar í

Olaf Sigurjonsson, J. Bjarni Magnússon

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A significant change in ownership of listed Icelandic companies has taken place
over the past decade or so. The majority of the ownership is in the hands of
institutional investors. The aim of this research is to improve understanding of
how Icelandic institutional investors interact with companies in which they are
shareholders and use their ownership to influence those companies, especially
corporate governance. The main findings are that investment stewardship by
Icelandic institutional shareholders happens behind the scenes with meetings and informal communication. It does also happen with public dissent of shareholder proposals and/or by voting for or against proposals at shareholder meetings. These findings are in line with how investment stewardship is in neighbouring countries,with the exception that transparency outside of Iceland is a more meaningful part of the stewardship process.
Original languageIcelandic
JournalTímarit um viðskipti og efnahagsmál (Research in Applied Business and Economics)
Issue number2
Pages (from-to)105-122
Publication statusPublished - 2019


  • Corporate governance
  • Iceland
  • Institutional investors
  • Pension funds
  • Investment stewardship

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