In this paper we analyze the monitoring role of different types of shareholder groups in the UK. We relate the objectives, structure and overall share holding of each shareholder group to their incentives to monitor companies in which they hold large stakes. We find that shareholder groups are...

In this paper we analyze the trading patterns of a large number of institutional investors in the UK. We expect these investors to time their trades and the buy (sell) trades to lead to positive (negative) post-event returns. On average, share prices increase significantly on the announcement of...