Mapping the sixty-five years research of the institutional investor: the impact, problematization, and governance
摘要
Given the vast scale of institutional investors and their substantial ownership in global economies and their subsequent impact on organizations, institutional investors have become an important area of research for management scholars. From the standpoint of shareholding stakeholders, institutional investors exert strong managerial pressures on corporate governance, strategic decision-making, financial performance, and social impact, fueling growing interest and research in this area. Despite the wealth of literature on this topic, a comprehensive review of institutional investor research in the management field remains lacking. A systematic review is essential to provide scholars with a holistic understanding of the field’s evolution and to inspire new research questions. Through bibliometric analysis, we map 925 institutional investor related papers within the management field over the past sixty-five years from Web of Science and classified them into four distinct clusters. A following analysis of these clusters allows us to identify the problematization of previous studies and provide future research directions. Our review emphasizes the necessity for scholars to undertake more nuanced research on the effects of institutional investors and consequences of their actions, employing a diverse range of methodologies and exploring various contexts.