Belghitar, Yacine; Clark, Ephraim; Kassimatis, Konstantino - In: International Review of Financial Analysis 20 (2011) 4, pp. 191-199
This paper examines the effect of prudentially obligated strategic institutional ownership on the performance of firm stock returns. Using the concept of marginal conditional stochastic dominance (MCSD), performance is measured to include the whole distribution of stock returns instead of...