Top Institutional Investors and Accounting Comparability
type: CreativeWork
description: In this study, I hypothesize 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 investors are monitoring institutions (regardless of whether they are the same institutions) exhibit greater comparability than other firm-pairs whose top institutional investors are non-monitoring institutions. Collectively, these findings corroborate the important role top institutional investors play in influencing firms’ financial reporting decisions.
abstract: In this study, I hypothesize 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 investors are monitoring institutions (regardless of whether they are the same institutions) exhibit greater comparability than other firm-pairs whose top institutional investors are non-monitoring institutions. Collectively, these findings corroborate the important role top institutional investors play in influencing firms’ financial reporting decisions.
author: Le, Thien T. H.
language: eng
keywords: Institutional Investors, Accounting Comparability
date published: 2020-08
date modified: 2026-07-24T02:32:34Z
provider: University of Houston
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University of Houston

PropertyValue
property ID: Handle
value: https://hdl.handle.net/10657/7921