Institutional Ownership

Video

Prof. Julian Franks (London Business School) presents his paper on "Corporate governance through voice and exit" at the "Corporate Governance And Ownership With Diverse Shareholders" conference at IESE Business School, Barcelona. Discussion of the paper is then presented by Prof. Krishna Palepu (Harvard Business School). The full paper and slides from this presentation can be downloaded here: ecgi.global/content/corporate-governance-and-ownership-diverse-shareholders#!event-programme

17 January 2020

Prof. Pedro Matos (Associate Professor of Business Administration, University of Virginia) presents his paper on "Are Foreign Investors Locusts? The Long-Term Effects of Foreign Institutional Ownership" at the 2016 GCGC Conference in Stockholm. Discussion of the paper is then presented by Prof. Giovanna Nicodano (Professor of Financial Economics, Università di Torino).

13 June 2016

Presentation

This paper challenges the view that foreign investors lead firms to adopt a short-term orientation and forgo long-term investment. Using a comprehensive sample of publicly listed firms in 30 countries over the 2001-2010 period, we find instead that greater foreign institutional ownership fosters long-term investment in tangible, intangible, and human capital. Foreign institutional ownership also leads to significant increases in innovation output.

July 09 2020

Pages