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Are There Monitoring Benefits to Institutional Ownership? Evidence from Seasoned Equity Offerings
16 references·2 citing·42 second hop
Are There Monitoring Benefits to Institutional Ownership? Evidence from Seasoned Equity Offerings (2010)Are There Monitoring Benefits to Institut…Does governance travel around the world? Evidence from institutional investors (2010)Does governance travel around…Hedge Fund Activism, Corporate Governance, and Firm Performance (2008)Hedge Fund Activism, Corporat…Monitoring: Which institutions matter? (2007)Monitoring: Which institution…Managerial Decisions and Long‐Term Stock Price Performance (2000)Managerial Decisions and Long…Corporate governance proposals and shareholder activism: the role of institutional investors (2000)Corporate governance proposal…Improved Methods for Tests of Long‐Run Abnormal Stock Returns (1999)Improved Methods for Tests of…The Influence of Institutional Investors on Myopic R&D Investment Behavior (1998)The Influence of Institutiona…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies (1997)Myth or Reality? The Long-Run…Detecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Detecting long-run abnormal s…Shareholder Activism by Institutional Investors: Evidence from CalPERS (1996)Shareholder Activism by Insti…Detecting abnormal operating performance: The empirical power and specification of test statistics (1996)Detecting abnormal operating …The New Issues Puzzle (1995)The New Issues PuzzleAdditional evidence on equity ownership and corporate value (1990)Additional evidence on equity…The effects of management buyouts on operating performance and value (1989)The effects of management buy…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Institutional investors, corporate social responsibility, and stock price performance (2017)Institutional investors, corp…Facilitating Investor Engagement and Stewardship (2013)Facilitating Investor Engagem…The Capital Structure Puzzle (1984)Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders (1996)Earnings management to avoid earnings decreases and losses (1997)A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)Earnings Management through Real Activities Manipulation (2003)The economic implications of corporate financial reporting (2005)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Higher market valuation of companies with a small board of directors (1996)A Survey of Corporate Governance (1997)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Separation of Ownership and Control (1983)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Corporate governance and the value of cash holdings (2006)The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey (2010)Do institutional investors drive corporate social responsibility? International evidence (2018)Using daily stock returns (1985)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Capital markets research in accounting (2001)Introductory Econometrics for Finance (2008)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Do Investors Trade Too Much? (1999)The Economic Costs of Conflict: A Case Study of the Basque Country (2003)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)Multifactor Explanations of Asset Pricing Anomalies (1996)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The relationship between return and market value of common stocks (1981)Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Large Shareholders and Corporate Control (1986)Corporate Governance and Equity Prices (2003)The Colors of Investors' Money: The Role of Institutional Investors Around the World (2007)Corporate social responsibility and stakeholder value maximization: Evidence from mergers (2013)Outside directors and CEO turnover (1988)Law and Finance (1998)Behind the Scenes: The Corporate Governance Preferences of Institutional Investors (2016)Institutional shareholders and corporate social responsibility (2019)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)
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References

  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1990Additional evidence on equity ownership and corporate value4,311 cited
  • 1995The New Issues Puzzle3,550 cited
  • 1998The Influence of Institutional Investors on Myopic R&D Investment Behavior3,013 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,690 cited
  • 2007Monitoring: Which institutions matter?1,870 cited
  • 1999Improved Methods for Tests of Long‐Run Abnormal Stock Returns1,826 cited
  • 2000Corporate governance proposals and shareholder activism: the role of institutional investors1,776 cited
  • 2010Does governance travel around the world? Evidence from institutional investors1,642 cited
  • 1996Detecting abnormal operating performance: The empirical power and specification of test statistics1,609 cited
  • 2000Managerial Decisions and Long‐Term Stock Price Performance1,573 cited
  • 2008Hedge Fund Activism, Corporate Governance, and Firm Performance1,510 cited
  • 1997Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies1,456 cited

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1989
The effects of management buyouts on operating performance and value
1,319 cited
  • 1996Shareholder Activism by Institutional Investors: Evidence from CalPERS1,291 cited
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    • 2017Institutional investors, corporate social responsibility, and stock price performance40 cited
    • 2013Facilitating Investor Engagement and Stewardship21 cited