We examine the effect of shareholder litigation rights on managers' acquisition decisions. Our experimental design exploits a U.S. Ninth Circuit Court of Appeals ruling on July 2, 1999 that resulted in a reduction in shareholder class actions. We find that, since the ruling, firms in Ninth...

The extant literature shows that institutional investors engage in corporate governance to enhance a firm's long-term value. Measuring firm performance using the F-Score, we examine the persistent monitoring role of institutional investors and identify the financial aspects of a firm that...

This article presents the trading behaviours of individual and institutional investors in Korean mergers and acquisitions market. Based on Chen <italic>et al.</italic> (2007), we consider a bidder's negative abnormal announcement-period return as a measure for bad merger. To investigate the investor trading...

This article examines the abnormal trading patterns by investor types around corporate mergers in the Korean financial market. Extending Han and Chung (2013), I investigate standardized abnormal net buy (SANB) of institutional and individual investors around both good and bad merger...

This study uses a large sample of Korean firms to examine institutional blockholders' influence on corporate earnings management. The Korean market is an interesting setting to study institutional monitoring because it is dominated by chaebols, which are characterized by ineffective internal...

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...

We argue that the relative effectiveness of active and passive blockholder monitoring is driven by the institutional context of the Korean financial market. The Korean market is characterized by the dominance of chaebols and the pressure-sensitivity of institutional blockholders. We believe that...

We examine whether domestic or foreign institutional investors play a role in CSR engagement reflected in workplace safety. By compiling establishment-level work-related injury data from the Occupational Safety and Health Administration, we document significantly lower injury and illness rates...

We examine whether institutional investors play a role in improving workplace safety. By compiling establishment-level work-related injury data from the Occupational Safety and Health Administration, we document significantly lower injury and illness rates that are more pronounced in firms with...