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Mavericks, universal, and common owners : the largest shareholders of U.S. public firms
Amel-Zadeh, Amir; Kasperk, Fiona; Schmalz, Martin C. - 2022
We construct a novel data set to show that, between 2003-2020, up to one-fifth of America's largest firms had a non-financial blockholder or insider as their largest shareholder. Blockholders and insiders tend to be less diversified than institutional investors. Measures of "universal" and...
Persistent link: https://www.econbiz.de/10013365123
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Common ownership and the (non-)transparency of institutional shareholdings: an EU-US comparison
Steuer, Sebastian - 2022
This paper compares the extent of common ownership in the US and the EU stock markets, with a particular focus on differences in the ap-plicable ownership transparency requirements. Most empirical research on common ownership to date has focused on US issuers, largely relying on ownership data...
Persistent link: https://www.econbiz.de/10013402996
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Custom Proxy Voting Advice
Hu, Edwin; Malenko, Nadya; Zytnick, Jonathon - National Bureau of Economic Research - 2024
the significant role of customized proxy advice in shaping shareholders' voting decisions. About 80% of funds receive … plays two key roles. First, it helps shareholders express their ideologies through the vote. Second, it facilitates … shareholders' decision-making process by reducing the need to pay attention to every proposal individually and enabling focus on …
Persistent link: https://www.econbiz.de/10014576588
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Shareholders Have a Say in Executive Compensation : Evidence from Say-on-Pay in the United States
Kimbro, Marinilka Barros - 2015
This paper examines the SEC regulation requiring non-binding general shareholder vote on executive compensation–“say-on-pay” (SOP). We examine the first two years of SOP in the Russell 3000. The results confirm previous shareholder-proposal studies by finding that SOP approval (reject)...
Persistent link: https://www.econbiz.de/10013036020
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Mavericks, Universal, and Common Owners - the Largest Shareholders of U.S. Public Firms
Amel-Zadeh, Amir; Kasperk, Fiona; Schmalz, Martin - 2022
We construct a novel data set to show that, between 2003-2020, up to one-fifth of America’s largest firms had a non-financial blockholder or insider as their largest shareholder. Blockholders and insiders tend to be less diversified than institutional investors. Measures of “universal” and...
Persistent link: https://www.econbiz.de/10014077008
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Common ownership and the (non-)transparency of institutional shareholdings : an EU-US comparison
Steuer, Sebastian - 2022
This paper compares the extent of common ownership in the US and the EU stock markets, with a particular focus on differences in the applicable ownership transparency requirements. Most empirical research on common ownership to date has focused on US issuers, largely relying on ownership data...
Persistent link: https://www.econbiz.de/10013288130
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Institutional ownership, earnings management and earnings surprises : evidence from 39 years of U.S. data
Davis, Justin G.; García Cestona, Miguel Angel - In: Journal of economics, finance & administrative science 28 (2023) 56, pp. 218-236
Purpose As the influence of institutional investors over managerial decision-making grows, so does the importance of understanding the effect of institutional investor ownership (IO) on firm outcomes. The authors take a comprehensive approach to studying the effect of IO on earnings management...
Persistent link: https://www.econbiz.de/10014506782
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Quantifying foreign institutional block ownership at publicly traded U.S. corporations
Coates, John C.; Fein, Ronald A.; Crenny, Kevin; Dong, … - 2016
This short technical report provides an empirical analysis of the level of institutional block ownership overall, and of foreign block ownership, at a broad set of publicly traded corporations. Disclosed institutional blockholders of every company in the Standard & Poor's 500 index are analyzed,...
Persistent link: https://www.econbiz.de/10011581995
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The distribution of voting rights to shareholders
Fos, Vyacheslav; Holderness, Clifford G. - In: Journal of financial and quantitative analysis : JFQA 58 (2023) 5, pp. 1878-1910
Persistent link: https://www.econbiz.de/10014365143
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The Shifting Finance of Electricity Generation
Andonov, Aleksandar; Rauh, Joshua - National Bureau of Economic Research - 2024
. These new entrants are twice as likely to create power plants as incumbents. They owned 58% of wind, 47% of solar, and 34 … power plants with a lower heat rate and improve the efficiency of acquired plants. Our results also highlight an important …
Persistent link: https://www.econbiz.de/10014635696