Voting with their feet: institutional ownership changes around forced CEO turnover

Article Abstract:

The debate about institutional investors? place in the governance of business enterprises has grown louder as institutions gained majority ownership of large American corporations. This paper examines equity ownership changes and the forced turnovers of chief executive officers in an effort to determine if investors express their dissatisfaction with firms by voting ?with their feet.?

United States, Science & research, Investor Relations, Finance & Stockholder Relations, Labor Distribution by Employer, Stockholder Relations, Statistics, Economic research

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Return autocorrelation and institutional investors

Article Abstract:

Data from the New York Stock Exchange was analyzed to verify the hypothesis that institutional investor trading causes serial correlation in daily returns. Results show that autocorrelation is caused by factors other than nontrading, giving support to the hypothesis. Institutional ownership is also shown to affect portfolio daily and individual security return autocorrelations.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Economics, Research and Development in the Social Sciences and Humanities, Exchanges, Securities, Autocorrelation (Statistics)

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Corporate governance proposals and shareholder activism: the role of institutional investors

Article Abstract:

A new study investigates the role of institutional investors in corporate governance.

Corporations

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