Prior studies have shown that ownership structure of firms affects their performance, decision making and earnings. Studies have found that institutional owners are well informed, organized and proactive as compared to other owners. In this study we empirically examined the impact of...

Existing research on institutional proximity falls short in distinguishing between geographic and market proximity in terms of their association with investors’ monitoring influence. We examine the effects of foreign firms’ proximity to the US on their equity performance. We use a unique set...