We shed new light on the corporate governance role of institutional investors in markets where concentrated ownership … and business groups are prevalent. When companies have controlling shareholders, institutional investors, as minority … public companies through business groups creates new potential sources of conflicts of interests for institutional investors …

momentum effect and the propensity of institutional investors to follow an index, our results cannot be explained by … around and after the Lehman Brothers’ bankruptcy. Most importantly, we show that stocks held by short- term institutional … investors experience more severe price drops and larger price reversals than those held by long-term investors. Since they are …

audit committees formation come, on one hand, from the influence of Anglo-Saxon institutional investors and, on the other …