Barabanov, Sergey S.; Ozocak, Onem; Turtle, H.J.; … - In: Financial Management 37 (2008) 2, pp. 227-250
"We examine whether institutional investors are able to avoid future litigation. Our results show that institutions provide a fiduciary role by decreasing or eliminating their positions in sued firms well before litigation begins. We also find that institutional groups with high monitoring...