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Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism
16 references·2 citing·41 second hopsampled
Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism (2016)Standing on the Shoulders of Giants: The …Do exogenous changes in passive institutional ownership affect corporate governance and firm value? (2017)Do exogenous changes in passi…Thirty years of shareholder activism: A survey of empirical research (2016)Thirty years of shareholder a…Playing it safe? Managerial preferences, risk, and agency conflicts (2016)Playing it safe? Managerial p…Passive investors, not passive owners (2016)Passive investors, not passiv…Behind the Scenes: The Corporate Governance Preferences of Institutional Investors (2016)Behind the Scenes: The Corpor…The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Labor Outcomes (2015)The Real Effects of Hedge Fun…The Long-Term Effects of Hedge Fund Activism (2015)The Long-Term Effects of Hedg…The effect of institutional ownership on firm transparency and information production (2015)The effect of institutional o…Are Mutual Funds Active Voters? (2014)Are Mutual Funds Active Voter…The Costs of Shareholder Activism: Evidence from a Sequential Decision Model (2012)The Costs of Shareholder Acti…Investor activism and takeovers☆ (2009)Investor activism and takeove…Hedge Fund Activism: A Review (2009)Hedge Fund Activism: A ReviewEntrepreneurial Shareholder Activism: Hedge Funds and Other Private Investors (2009)Entrepreneurial Shareholder A…Value creation or destruction? Hedge funds as shareholder activists (2008)Value creation or destruction…Returns to Shareholder Activism: Evidence from a Clinical Study of the Hermes UK Focus Fund (2008)Returns to Shareholder Activi…Agency costs of free cash flow, corporate finance, and takeovers (1996)Agency costs of free cash flo…Institutional Investors and Corporate Governance (2020)Institutional Investors and C…Governance mechanisms and effective activism: Evidence from shareholder proposals on poison pills (2017)Governance mechanisms and eff…A Survey of Corporate Governance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)Do institutional investors drive corporate social responsibility? International evidence (2018)The Importance of Climate Risks for Institutional Investors (2019)Firms and social responsibility: A review of ESG and CSR research in corporate finance (2021)GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS (1982)Two Agency-Cost Explanations of Dividends (1984)Corporate performance and managerial remuneration (1985)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)What Do We Know about Capital Structure? Some Evidence from International Data (1995)Separation of Ownership and Control (1983)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Anticompetitive Effects of Common Ownership (2018)Institutional shareholders and corporate social responsibility (2019)Common risk factors in the returns on stocks and bonds (1993)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)On Persistence in Mutual Fund Performance (1997)Shareholders at the Gate? Institutional Investors and Cross-Border Mergers and Acquisitions (2009)Sustainable Development and Financial Markets (2015)Presidential Address: Sustainable Finance and ESG Issues— Value versus Values (2023)Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)ESG performance and firm value: The moderating role of disclosure (2017)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)Limited-dependent and qualitative variables in econometrics (1983)Creditor Control Rights, Corporate Governance, and Firm Value (2012)Institutional investor stability and crash risk: Monitoring versus short-termism? (2013)Active Ownership (2015)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Shareholder Activism (2013)The Effect of Liquidity on Governance (2013)The Growth of Finance (2013)Blockholders and Corporate Governance (2014)Connecting the Dots: Bringing External Corporate Governance into the Corporate Governance Puzzle (2015)A capability theory of the firm: an economics and (Strategic) management perspective (2017)The Agency Problems of Institutional Investors (2017)Do takeover laws matter? Evidence from five decades of hostile takeovers (2017)Institutional and Legal Context in Natural Experiments: The Case of State Antitakeover Laws (2017)ESG shareholder engagement and downside risk (2023)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 2016Behind the Scenes: The Corporate Governance Preferences of Institutional Investors1,492 cited
  • 2015The effect of institutional ownership on firm transparency and information production1,008 cited
  • 2016Passive investors, not passive owners975 cited
  • 2009Entrepreneurial Shareholder Activism: Hedge Funds and Other Private Investors833 cited
  • 2016Playing it safe? Managerial preferences, risk, and agency conflicts507 cited
  • 2009Investor activism and takeovers☆484 cited
  • 2008Returns to Shareholder Activism: Evidence from a Clinical Study of the Hermes UK Focus Fund432 cited
  • 2008Value creation or destruction? Hedge funds as shareholder activists431 cited
  • 2015The Long-Term Effects of Hedge Fund Activism416 cited
  • 2014Are Mutual Funds Active Voters?410 cited
  • 2015The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Labor Outcomes393 cited
  • 2017Do exogenous changes in passive institutional ownership affect corporate governance and firm value?367 cited
  • 2012The Costs of Shareholder Activism: Evidence from a Sequential Decision Model348 cited
  • 2016Thirty years of shareholder activism: A survey of empirical research

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325 cited
  • 2009Hedge Fund Activism: A Review292 cited
  • Cited by

    • 2020Institutional Investors and Corporate Governance48 cited
    • 2017Governance mechanisms and effective activism: Evidence from shareholder proposals on poison pills28 cited