Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 33 for “"Institutional Investor"”.
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Asset management--service quality : the institutional investor perspective
Thesis (M.S.)--Massachusetts Institute of Technology, Dept. of Architecture, 1993.
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Analyzing M&A: The Effects of Institutional Investor Cross Ownership
This study provides new evidence on the role of institutional investors in corporate strategy, specifically in mergers and acquisitions and for three subsets of deals. For firms that are harder to value with greater information asymmetry, institutional investor cross-ownership between two firms …
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Institutional Investor Cliques Information Dissemination, and the Value of Information: Evidence from Insider Trading
… social network, I document the formation of the institutional investor groups (cliques) that exogenously connect firm-level insiders within the social network. Using difference-in-differences designs examining changes in clique size, I provide empirical evidence on the information dissemination …
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Qualitative Research Into the Nature of the Institutional Investor User Model for Corporate Social Disclosure: Toward a Theory
While corporate social accounting has been a topic of research in accounting for nearly two decades, little progress has been made toward the resolution of some basic issues. This research project approaches the topic at a very fundamental level and is intended to provide insight necessary for the …
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Top Institutional Investors and Accounting Comparability
… that two firms that have the same top institutional investor (i.e., institutional investor with the largest shareholding) have higher accounting comparability than other firm pairs. I find evidence consistent with this hypothesis. In addition, firm-pairs whose top institutional …
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Essays in Financial and Theoretical Economics
… Chapter 1, we analyse a model in which a biased Institutional Investor may offer a share price to acquire voting rights over a corporate motion. The selling and voting decisions of each initial shareholder (with imperfect, private information about the firm’s value of the motion) depend on the …
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Financing methods that drive innovation in biotech and pharmaceuticals : the meagfund [sic] IPO model
… are almost arbitrage-like opportunities for investors where there are heavily discounted investments opportunities which are generated in IPO's. However, these events driven investments are only for the institutional investor and hence pooling capital into a more scalable mega fund structure …
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Essays on international capital flows
… affect firms in other countries? And second, are investors forgoing gains from international diversification by shifting toward more global funds? The empirical evidence presented suggests that the answer is yes to both questions. Chapter 3 investigates the relation between information asymmetries …
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The carbon disclosure project, an evolution in international environmental corporate governance : motivations and determinants of market response to voluntary disclosures
… a response to shareholder activism, domestic institutional investor shareholder activism, signalling, litigation risk, and low cost publicity. Both binary logistic regressions as well as a cross-sectional analysis of the equity market's response to the environmental disclosures being made were …
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Valuing the premium in Chinese stock markets using exchange options
… the introduction of the Qualified Domestic Institutional Investor regime in May 2006 the premium in the A share market corresponds closely with the value of an exchange option calculated using a modified version of Margrabe's formula. The explanation for this result is simply that the …
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Essays in Empirical Asset Pricing
… in shaping cross-sectional returns and institutional investor demand. In the first chapter, co-authored with colleagues, I show that merger announcement returns account for virtually all of the measured size premium. An empirical proxy for ex ante takeover exposure positively and …
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Essays on frictions in financial institutions
… I find that prices of firms that receive foreign institutional investor flows are not differentially affected relative to the firms that don't.
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Using project bonds to fund South Africa's infrastructure development
… Given the size of the country's capital markets, institutional investor base and experience with project finance transactions; one would expect the country to have a sizeable project bond market. This paper aims to investigate whether or not South Africa has the capacity to use project bonds to …
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The Enforcement of Directors' Duties and Disclosure Laws in Australia
… a new analysis of shareholder dispersion and institutional investor holdings as well as an assessment of public regulator resources. Third, this thesis examines whether the observed enforcement patterns are effective, by reference to an original set of evaluatory criteria, which addresses …
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Did The Private Securities Reform Act Work As Congress Intended?
… lawyer-driven litigation, while preserving investors' ability to recover meritorious claims." The empirical evidence suggests that, in many respects, the PSLRA did achieve several of Congress' goals. There has been a reduction in the number of securities class actions filed. The PSLRA has …
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Essays On Real Estate Investment Trusts
… maturity of the REIT industry or an increase in institutional investor participation in the REIT market.</p> <p>The second chapter analyzes the announcement dates and market dates of 483 entry and 439 exit events of publicly-traded Real Estate Investment Trusts (REITs). The study finds that …
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Analyst Coverage and Tax Reporting Aggressiveness
… Analysts identified as All-American analysts by Institutional Investor magazine are associated with higher levels of tax aggressiveness. This result suggests that top analysts may view aggressive tax behavior as a wealth creation tool for firms.
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Corporate Governance and Corporate Control: Evidence from Trading
… the negative relationship between changes in institutional investors' control and abnormal returns declines as analysts' following increases.</p><p>In Chapter 2, I study the role of trading as a governance mechanism. I hypothesize that governance through trading plays a significant monitoring …
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The Role of Institutional Investors in the Governance of Firms: A Test of Competing Power and Agency Models
The rising voice of institutional investors in the governance of U.S. corporations has been widely cited in the popular and academic press. Implicit in much of this literature has been a power perspective on the role of institutions. In essence, the power perspective identifies increased governance …
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