@article {Cornell7, author = {Bradford Cornell}, title = {Commentary: Passive Investing and Market Efficiency}, volume = {26}, number = {3}, pages = {7--9}, year = {2017}, doi = {10.3905/joi.2017.26.3.007}, publisher = {Institutional Investor Journals Umbrella}, abstract = {In a stock market dominated by passive investors, an interesting question arises as to how the equilibrium level of market efficiency will be maintained. This short article argues that the critical agents in this regard must be the companies that issue the shares, not active investment managers.TOPICS: Security analysis and valuation, passive strategies}, issn = {1068-0896}, URL = {https://joi.pm-research.com/content/26/3/7}, eprint = {https://joi.pm-research.com/content/26/3/7.full.pdf}, journal = {The Journal of Investing} }