This paper examines the impact of foreign institutional ownership on debt contracting. Using a sample of international syndicated loans extended to non-U.S. borrowers, we find that lenders demand more debt covenants when borrowers have a higher proportion of equity held by U.S. foreign...

We examine the effect of institutional investors on labor-related misconduct. We find that institutional ownership is negatively associated with firms' propensity to violate federal labor laws. Additional tests using instrumental variables and regression discontinuity suggest a causal relation....

This book is dedicated to strategic management research relating to China’s SOE. As China’s economic system of the day is featured by mixed ownership, state-owned enterprises (SOEs), under the New Normal of economic backdrop, are devoted to exploring the reform of stock resources...