Blockholders: A survey of theory and evidence
A Edmans, CG Holderness - The handbook of the economics of corporate …, 2017 - Elsevier
This paper reviews the theoretical and empirical literature on the role of blockholders (large
shareholders) in corporate governance. We start with the underlying property rights of public …
shareholders) in corporate governance. We start with the underlying property rights of public …
An integrative review of the emerging behavioral acquisition literature: Charting the next decade of research
Our review of acquisition research from the 2008 to 2018 period shows that a large and
quickly growing portion of this work has focused on the behavioral aspects of acquisitions …
quickly growing portion of this work has focused on the behavioral aspects of acquisitions …
Institutional shareholders and corporate social responsibility
This study uses two distinct quasi-natural experiments to examine the effect of institutional
shareholders on corporate social responsibility (CSR). We first find that an exogenous …
shareholders on corporate social responsibility (CSR). We first find that an exogenous …
[HTML][HTML] Does corporate eco-innovation affect stock price crash risk?
We examine the effect of corporate environmental innovation (hereafter eco-innovation) on
stock price crash risk and document a significant negative association. Utilising a large …
stock price crash risk and document a significant negative association. Utilising a large …
[HTML][HTML] Do all institutional investors care about corporate carbon emissions?
This paper investigates whether institutional investors promote the abatement of corporate
carbon emissions. Using firm-level data on the U. S from 2007 to 2017, we find that …
carbon emissions. Using firm-level data on the U. S from 2007 to 2017, we find that …
Passive investors, not passive owners
Passive institutional investors are an increasingly important component of US stock
ownership. To examine whether and by which mechanisms passive investors influence …
ownership. To examine whether and by which mechanisms passive investors influence …
Do institutional investors drive corporate transparency regarding business contribution to the sustainable development goals?
IM García‐Sánchez, L Rodríguez‐Ariza… - … Strategy and the …, 2020 - Wiley Online Library
Institutional investors show increasing interest in how companies align their corporate social
responsibility strategies with the sustainable development goals (SDGs) proposed by the …
responsibility strategies with the sustainable development goals (SDGs) proposed by the …
[HTML][HTML] Fiduciary duty or loyalty? Evidence from co-opted boards and corporate misconduct
We examine the effect of co-opted boards on corporate misconduct and document a
significant positive relationship. Utilising a large sample of public US companies from the …
significant positive relationship. Utilising a large sample of public US companies from the …
Product market competition in a world of cross-ownership: Evidence from institutional blockholdings
We analyze the effects of institutional cross-ownership of same-industry firms on product
market performance and behavior. Our results show that cross-held firms experience …
market performance and behavior. Our results show that cross-held firms experience …
Do ETFs increase volatility?
Due to their low trading costs, exchange‐traded funds (ETFs) are a potential catalyst for
short‐horizon liquidity traders. The liquidity shocks can propagate to the underlying …
short‐horizon liquidity traders. The liquidity shocks can propagate to the underlying …