Xu, Xiaoyan; Wang, Chunlei; Cheng, Shijun - In: International Journal of Financial Research 6 (2015) 2, pp. 23-32
We examine the role of institutional investors in firms¡¯ innovation strategies. We find that although institutional shareholding is positively related to the likelihood of patenting, it is not related to firms¡¯ exploratory innovation activities. Moreover, the presence of a block...
