Common institutional ownership and stock price crash risk
This paper presents new evidence on the economic benefits arising from common
institutional ownership. We find a negative and significant effect of common institutional …
institutional ownership. We find a negative and significant effect of common institutional …
Common ownership and executive pay-for-performance sensitivity: Evidence from China
T Xu, L Xu, S Zhu - Research in International Business and Finance, 2023 - Elsevier
This study focuses on the impact of common ownership on executive pay-for-performance
sensitivity using a sample of A-share listed firms in China from 2008 to 2020. We find …
sensitivity using a sample of A-share listed firms in China from 2008 to 2020. We find …
Common institutional blockholders and tail risk
We find that the tail risk of a firm's stock returns is positively affected by the tail risk of other
firms held by the same common institutional blockholder (CIB). The CIB peer effect on tail …
firms held by the same common institutional blockholder (CIB). The CIB peer effect on tail …
Institutional dual holdings and expected crash risk: Evidence from mergers between lenders and equity holders
Exploiting mergers between lenders and shareholders of the same firm as an exogenous
shock to shareholder–creditor conflicts, we examine the causal effect of these conflicts on …
shock to shareholder–creditor conflicts, we examine the causal effect of these conflicts on …