We provide a comprehensive overview of the role institutional investors in corporate governance with three main components. First, we establish new stylized facts documenting evolution and importance ownership. Second, detailed characterization key aspects legal regulatory setting within which govern portfolio firms. Third, synthesize evolving response recent theoretical empirical academic lite...

In this study, we explore whether Wikipedia plays a governance role in the financial market by reducing the information disadvantage of individual investors. We hypothesize that the aggregation of information on Wikipedia enables individual investors to collectively monitor insiders and institutional investors. Using the creation of a firm Wikipedia page as an information event, our empirical r...

Does being located near institutional investors benefit corporations? We examine whether the ‘presence’ of local institutional investors, as measured by the equity assets under management of local institutions, reduces information asymmetry in the stock market. Firms in high institutional presence areas experience higher liquidity, faster information incorporation, lower costs of equity capital...

Abstract Institutional investors expect infrastructure to deliver long-term stable returns but gain exposure predominantly through finite-horizon closed private funds. The cash flows delivered by funds display similar volatility and cyclicality as other equity investments, their performance similarly depends on quick deal exits. Despite weak risk-adjusted failure match the supposed characterist...

journal of accounting advances (j.a.a) vol. 2, no. 2, fall & winter 2010, ser. 59/3     extended abstract   an investigation of agency theory and signaling theory in dividend policies: the role of institutional investors   dr. g. r. karami         dr. s. mehrani               h. eskandar tehran university   introduction        dividend has a special position among decision makers. dividend poli...