can be mitigated by appropriate governance structures and contracts. The benchmark choice is important because poorly …

This paper analyzes the relation between institutional investment duration and corporate governance using a new metric …'s governance structure. Consistent with this conjecture, a broadly defined index of corporate governance increases with the … duration of institutional ownership. We also show that the relation between investment duration and corporate governance varies …

The corporate governance literature has shown that self-interested controlling owners tend to divert corporate …

. Our findings are robust to different model specifications and are independent of the effect of internal governance …

financial firms engage in excessive risk-taking mainly through increased leverage. Third, we find that bank corporate governance …

corporate governance scholarship.In this Article, we examine the causal mechanisms that might link common ownership to …