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 64 for “"institutional ownership"”.
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Institutional Ownership and Technology Spillovers
… studies investigating the role of both foreign institutional investors and technology spillovers in the global economy. In Chapter 2, we show that foreign institutional ownership (FIO) positively influences risk-taking, and this positive relation is achieved through direct and indirect channels. …
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Liquidity, institutional ownership and regulation fair disclosure
… for all classes of investors: 1) the impact of institutional investors on liquidity; and 2) the impact of Regulation Fair Disclosure on institutional investors and liquidity. Our study addresses both issues with the purpose of attaining a better understanding and explanation of this …
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Related Party Transaction, Firm Performance and Institutional Ownership
… performance, as well as the impact of institutional ownership on the use of related party transactions. Using a sample of 1218 deals from S&P1500 firms from 2007 to 2018, we propose and examine three relevant hypotheses: (a) related party transactions, especially, “Red-flag” related …
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Passive Institutional Ownership, Firm Disclosure, and Post-earnings Announcement Drift
… Chapter two examines the impact of passive institutional ownership on firm disclosure. Passive institutional investors favor more information to minimize monitoring and trading costs. However, passive institutions' diverse holdings make it costly to collect individual firms' private …
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On the Governance of Innovation: Institutional Ownership vs. Stock Price
… these findings are robust after controlling for institutional ownership, a factor that has been shown in the literature to have a correlation with share price and also have a significant impact on R&D policies and innovation. For robustness checks, I examine stock splits, which allow mangers to …
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Essays on corporate governance of financial institutions in the United States
… the CAMEL ratios.The first two studies show that institutional ownership is a significant characteristic. Thus, the third study examines the effect of institutional ownership on the Governance Quality Score developed by the Institutional Shareholders Services. Using a two-steps system Generalized …
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Two Essays on Ownership and Market Characteristics
Theoretical models suggest that ownership structure may be an important determinant of securities' market characteristics. For example, the presence of informed traders leads to greater bid-ask spreads (Copeland and Galai (1983), and Glosten and Milgrom (1985)), and strategic trading of informed …
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Essays on Capital Structure and Ownership Structure
… dissertation consists of two chapters about how ownership structure affects REITs’ capital structure and property transactions.</p> <p><strong> Chapter 1:</strong> The Influence of Ownership Structure on REITs’ Financing Decisions<br>This essay explores how ownership structure affects REITs’ …
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The Financialization of the Business Enterprise
… in in the field of economics from the Keynesian/institutionalist to the neoliberal paradigm. Simultaneously, the nexus of contracts definition replaced the resource-based definition as the dominant paradigm of the economic theory of the firm. The second part of the first chapter documents how …
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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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Market Reactions to Dual-class Share Creation and Unification: Evidence from Canada
… abnormal returns, trading volume, liquidity, and institutional ownership changes surrounding these two events. We use the event study methodology to conduct abnormal return analysis on three event days: The Announcement Day (AD), the Approval Day (ApD), and the Effective Day (ED). For our creation …
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Corporate Tax Planning: Measurement, Incentives and Governance Effects
… governance effects on TP for the firms in an institutional theory framework. It analyses a unique set of 1,482 hand-collected firm-year observations and proposes ‘undisclosed TP’ as a new TP measure. It finds that firms consistently engage in TP and their TP disclosures have improved; …
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The impact of institutional investors on dividend policy in South Africa
… are more likely to pay out their free cash flow. Institutional investors may be great monitors given that they are professional investors with specialized expertise in evaluating firm's financial performance, management quality and governance. This study investigates the impact of institutional …
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Essays in capital markets
… eliminate return predictability. However, higher institutional ownership is associated with more momentum. Therefore, institutions either herd on returns or can have information before individuals. I find evidence of the latter. However, the effects are economically small, suggesting that …
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