Ownership has been identified as a key mechanism in corporate governance. Agency theory suggests that high levels of ownership provide increased incentive for shareholders to monitor firm management which should lead to better firm performance. However, not every shareholder may have the same...

Crises have restructuring effects. The financial crisis symbolically exploded with the Lehman Brothers fall provides severe lessons regarding the governance patterns of financial institutions. The article deals with the specific case of the Italian foundations of banking origin and their...

The role of institutional investors with respect to the governance of listed companies is one of the main topics in the international debate on corporate governance. Despite several actions taken by legislative bodies and regulatory authorities aimed at promoting shareholders initiatives, one...

This paper investigates the increase in underwriting fees for UK SEOs since the beginning of the financial crisis in mid-2007. We develop and test a number of hypotheses related to the role of institutional shareholders and underwriters involved in the issuing process. We find that the rise in...

В статье рассматриваются основные подходы к классификации институциональных инвесторов как субъектов финансового ринка среди отечественных и зарубежных...

В статье проводился анализ инвестиционных возможностей негосударственных пенсионных фондов по показателям надежности и экономической эффективности, которые...

Motivated by theoretical analysis and unique Korean equity fund market data, this paper provides new evidence of herding between individual investors and institutional investors in the equity fund market along with related issues of risk aversion, cumulative performance, and the business cycle...

This article includes the analysis of the activity of institutional investors on the securities market of the Republic of Moldova, particularly transactions performed by the banking and the insurance sectors. The activity of investment funds is not analyzed, as practically there are no...

This paper provides original evidence from institutional investors that political uncertainty during presidential elections greatly affects investment. Using U.S. institutional ownership data from 1981 to 2010, we find that institutions significantly reduce their holdings of common stock by 0.76...

This paper examines how cross-cultural differences influence institutional investors' trading frequency within their own portfolio. We find evidence that as cultural distance between the investors and their stock holdings increases, institutions trade with lower frequency. Findings are...