A fundamental question in accounting is whether and to what extent financial reporting
facilitates the allocation of capital to the right investment projects. Over the last two decades …

In this article, we review recent archival research (66 studies) on the influence of institutional
ownership (IO) heterogeneity on corporate sustainability. Relying on an agency‐theoretical …

Patents and citations are powerful tools increasingly used in financial economics (and
management research more broadly) to understand innovation. Biases may result, however …

Corporate customers are an important stakeholder in global supply chains. We employ
several unique international databases to test whether socially responsible corporate …

Many natural competitors are jointly held by a small set of large institutional investors. In the
US airline industry, taking common ownership into account implies increases in market …

In November 2016 Berkshire Hathaway reported that it bought major stakes in American
Airlines, Delta Airlines, United Continental, and Southwest.! These acquisitions fit a pattern …

We present a mechanism based on managerial incentives through which common
ownership affects product market outcomes. Firm-level variation in common ownership …

We examine relationship between common institutional ownership and corporate social
responsibility (CSR). We find that common institutional ownership is negatively associated …

This study examines the relation between earnings management and block ownership of
same‐industry peer firms by a common set of institutional investors (common institutional …

This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly
with overlapping ownership. We show that overlapping ownership leads to internalization of …