Institutional Investors, Political Connections and Incidence of Corporate Fraud
نویسندگان
چکیده
منابع مشابه
Institutional Investors and Corporate Investment
This paper investigates whether institutional investors influence firms’ investment in real assets and reduce the managerial agency conflict in investment choices. Institutional investors’ holdings of U.S. firms have gone from 10% of shares outstanding in 1960, to well over 60% in 2005. Importantly, given their significant ownership stakes and investment horizons, we expect them to closely moni...
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Securities class action lawsuits just might be the schizophrenic stepchildren of our civil litigation system. They are expected to serve two masters at the same time. The first is the goal of obtaining compensation for wronged investors who have suffered losses at the hands of corporate wrongdoers. The second is filling the role of private attorneys general to sanction violators and deter futur...
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By building a game model between the institutional investors and the management, an analysis has been conducted to uncover the influential factors that are crucial to the role switching of institutional investors when confronting tunneling behaviors of the management: supervision cost, shareholding ratio, invisible income, fines and patience. In cases of lower supervision cost, higher sharehold...
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Proportions of equity held by institutional investors are rising across all OECD countries. Paradigms of corporate governance involving a key role for institutions are market control via equity (the takeover sanction), market control via debt (LBOs) and direct control via equity (corporate governance activism). Even in countries where institutions are currently unimportant to corporate governan...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.2181958