A recent report suggested that mutual funds' tendency to vote with management on proxies may be part of the reason for ballooning executive pay.

But another study by four U.S. and Canadian professors, this time on loaning shares ahead of proxy votes, raises questions about whether mutual funds, and other large shareholders, vote at all, or even more than once.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.