This paper examines the relationship between institutional investor involvement in and the operating performance of large firms. We confirm a significant relationship between a firm's operating cash flow returns and both the percent of institutional stock ownership and the number of...

This paper examines the relationship between institutional investor involvement in and the operating performance of large firms. We confirm a significant relationship between a firm's operating cash flow returns and both the percent of institutional stock ownership and the number of...

We test how active management of bank credit risk exposure affects capital structure, capital budgeting and profits. We find that banks that rebalance their Camp;I loan portfolio exposures by both buying and selling loans hold less capital and lower levels of liquid assets than other banks; they...

We test how active management of bank credit risk exposure affects capital structure, capital budgeting and profits. We find that banks that rebalance their Camp;I loan portfolio exposures by both buying and selling loans hold less capital and lower levels of liquid assets than other banks; they...

We test how active management of bank credit risk exposure affects capital structure, capital budgeting and profits. We find that banks that rebalance their Camp;I loan portfolio exposures by both buying and selling loans hold less capital and lower levels of liquid assets than other banks; they...