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Chapter 8. Blockholders: A Survey of Theory and Evidence
Edmans, Alex; Holderness, Clifford G. - 2017
This paper reviews the theoretical and empirical literature on the role of blockholders (large shareholders) in …
Persistent link: https://www.econbiz.de/10014023374
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The Importance of Blockholder Heterogeneity : Security Market Effects and Follow-on Activities
Hsieh, Jim - 2017
Recent research on blockholders focuses on activist hedge funds and documents positive stock but negative bond returns. This study investigates the role of blockholder heterogeneity on security market effects and target firm follow-on activities across three important dimensions: identity,...
Persistent link: https://www.econbiz.de/10012976187
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Strong Shareholders, Weak Outside Investors
Gutiérrez Urtiaga, María - 2017
.S. But we argue that outside investors in European listed firms with controlling shareholders are poorly protected compared … shareholders rather than shielding passive investors, is not well suited for controlled, listed firms. This approach translates … into a lack of definition and development of specific fiduciary duties of the controlling shareholders towards market …
Persistent link: https://www.econbiz.de/10012940905
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Investor Preference and Promoter's Ownership Pattern in Graded IPOs of India
Mittal, Sanjiv - 2013
SEBI, the Indian securities market regulator has set a unique example for the entire world by introducing IPO grading in India 2006 on optional basis and further mandating it from May, 2007. The purpose of this grading was to provide retail investors with a ready-made assessment of the...
Persistent link: https://www.econbiz.de/10013090824
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Different vision of stewardship : understanding interactions between large investment managers and activist shareholders
Gomtsian, Suren - 2021
to an influential argument, activist shareholders can offer a solution by supplying large investment managers with … shareholders – have different visions of stewardship with little scope for interactions. For large investment managers, general …
Persistent link: https://www.econbiz.de/10012507489
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Do Corporate Governance Ratings Change Investor Expectations? Evidence from Announcements by Institutional Shareholder Services
Guest, Paul M. - 2019
This paper examines empirically the announcement effect of commercial corporate governance ratings on share returns. Rating downgrades by Institutional Shareholder Services (ISS) are associated with negative returns of –1.14% over a 3-day announcement window. The returns are highly correlated...
Persistent link: https://www.econbiz.de/10012861805
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The Impact of Shareholder Perks on Risks of Stocks : Role of Small Investors
Serita, Toshio - 2017
shareholders by initiating perks raises advantage in reduction of risks as well as .disadvantage in increase of stock price crash …
Persistent link: https://www.econbiz.de/10012949702
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Investor Behavior and the Benefits of Direct Stock Ownership
Bernard, Darren - 2018
Using an experiment to rule out reverse causality, we examine whether a small investment in a company's stock leads investors to purchase more of the company's products and adopt other views and preferences that benefit the company. We pre-register our research methods, hypotheses, and...
Persistent link: https://www.econbiz.de/10012931541
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Investor Behavior and the Benefits of Direct Stock Ownership
Bernard, Darren - 2018
Using an experiment to rule out reverse causality, we examine whether a small investment in a company's stock leads investors to purchase more of the company's products and adopt other views and preferences that benefit the company. We preregister our research methods, hypotheses, and...
Persistent link: https://www.econbiz.de/10012914794
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Blockholder and CEO Wealth-Performance Sensitivity
Huang, Sheng - 2022
Higher CEO incentives can both reduce the conflict between management and shareholders, thereby making blockholder …
Persistent link: https://www.econbiz.de/10013403051