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of foreign block ownership, at a broad set of publicly traded corporations. Disclosed institutional blockholders of every …This short technical report provides an empirical analysis of the level of institutional block ownership overall, and … company in the Standard & Poor's 500 index are analyzed, and the distribution of blockholders is presented. Blockholders are …
Persistent link: https://www.econbiz.de/10011581995
-financial blockholder or insider as their largest shareholder. Blockholders and insiders tend to be less diversified than institutional … investors. Measures of "universal" and "common" ownership of firms are therefore lower than previously believed based on … analyses of institutional investors' holdings alone, and the heterogeneity in ownership structures across firms is greater …
Persistent link: https://www.econbiz.de/10013365123
This study analyzes the effect that banks' investments in corporate social responsibility (CSR) have on bank performance. I find that banks' investments in CSR have a positive impact on financial performance, measured in terms of both accounting performance and stock market value. However, not...
Persistent link: https://www.econbiz.de/10012321121
more passive shareholders (lower ownership per non-institutional shareholder) are less likely to be takeover targets, less … Acquisitions, Ownership Structure and Corporate Governance …
Persistent link: https://www.econbiz.de/10009009605
Governance risks stem from the own governance of any organization. The paper puts forward an operational viewpoint of those risks, by mapping the most distinctive categories of governance analysis onto time-dependent governance variables. Afterwards, risks conveyed by the latter are measured...
Persistent link: https://www.econbiz.de/10009355755
compare them against their year-industry-size-matched firms (control group) before and after the ownership change. Difference …
Persistent link: https://www.econbiz.de/10010355189
We report on the current state and important older findings of empirical studies on corporate credit ratings and their relationship to ratings of other entities. Specifically, we consider the results of three lines of research: The correlation of credit ratings and corporate default, the...
Persistent link: https://www.econbiz.de/10009681828
Researchers in accounting, corporate finance, economics, and law regularly evaluate the impact of corporate governance provisions on firm performance and managerial actions. Many of these studies rely on publicly available governance summaries developed by the Investor Responsibility Research...
Persistent link: https://www.econbiz.de/10011492990
We study the role of foreign directors in U.S. firms. We conclude that foreign directors, especially those from countries that are dissimilar to the U.S. in terms of business environment (i.e., dissimilar directors), are chosen by multinational corporations (MNCs) to provide advice, and this...
Persistent link: https://www.econbiz.de/10013066394
This paper examines whether the level of firms' cash holdings differ depending on the strength of investor protection, whether excess cash holdings are valued more with better investor protection, and whether cross-listed firms that improve investor protection through ‘bonding' hold relatively...
Persistent link: https://www.econbiz.de/10013066415