Citations with the tag: INSTITUTIONAL ownership (Stocks)
Results 1 - 50
- OWNERSHIP TYPE AND COMPANY PERFORMANCE: EMPIRICAL STUDIES IN THE INDONESIAN STOCK EXCHANGE.
Soejono, Fransiska // Journal of Indonesian Economy & Business; Jan2011, Vol. 26 Issue 1, p144This study is aimed to test the difference in performance among companies with various types of ownership (foreign, state, and private) on a sample of 206 companies listed in ISE (Indonesian Stock Exchange) between 1999-2006 resulting in 795 company-year observations. The ANCOVA model and...
- Does Institutional Ownership Create Values? The New Zealand Case.
Jianguo Chen; Blenman, Lloyd; Dar-Hsin Chen // Quarterly Journal of Finance & Accounting; Autumn2008, Vol. 47 Issue 4, p109This study investigates the relationship between institutional ownership and corporate performance of New Zealand non-financial companies. We find that total institutional ownership increases firm values as measured by Tobin's Q and operational return on equity. The top institution's share ratio...
- Institutional Ownership and Discretionary Accruals: Empirical Evidences from Pakistani Listed Non-Financial Companies.
Shaikh, Abdul Mateen; Iqbal, Muhammad Junaid; Shah, Syed Zulfiqar Ali // Information Management & Business Review; Apr2012, Vol. 4 Issue 4, p217Current study empirically investigates the impact of institutional ownership on discretionary accruals; we took a sample size of 68 listed non -financial companies from a population of 652 companies listed on Karachi Stock Exchange (KSE). This data was gathered for the period of 5 years,...
- Institutional Ownership and Firm Performance: Evidence from France.
Charfeddine, Lanouar; Elmarzougui, Abdelaziz // IUP Journal of Behavioral Finance; Dec2010, Vol. 7 Issue 4, p35This paper examines the relationship between institutional ownership and firm performance for 35 companies listed on the French financial market from 2002 to 2005. The empirical results provide evidence on the endogeneity of institutional ownership and support previous studies arguing the...
- MARCHING TO THE BEAT OF DIFFERENT DRUMMERS: THE INFLUENCE OF INSTITUTIONAL OWNERS ON COMPETITIVE ACTIONS.
CONNELLY, BRIAN L.; TIHANYI, LASZLO; CERTO, S. TREVIS; HITT, MICHAEL A. // Academy of Management Journal; Aug2010, Vol. 53 Issue 4, p723This research extends agency theory by exploring the influence of varied, competing, principal interests on executive actions. Findings reveal that ownership of a firm by dedicated institutional investors, who hold concentrated portfolios over time, is positively associated with firm use of...
- Ownership Structure and Voluntary Disclosure in Annual Reports of Bangladesh.
Abdur Rouf; Harun, Abdullah-Al // Pakistan Journal of Commerce & Social Sciences; Jan2011, Vol. 5 Issue 1, p129This study examines the association between ownership structure and voluntary disclosure levels in the 2007 annual report of 94 samples of Bangladeshi listed companies. Ownership structure is provided by management ownership and institutional ownership. Using agency theory, it is argued that...
- Dealer groups - a continuing evolution.
Taylor, Mike // Money Management; 7/26/2012, Vol. 26 Issue 28, p2The author focuses on the continuing reforms in the dealer group world, and suggests the issue's readers that they need to understand who owns and controls financial planning dealer groups as well as the owners of the platforms which they are using.
- The Impact of Institutional Ownership and Dividend Policy on Stock Returns and Volatility: Evidence from Egypt.
Azzam, Islam // International Journal of Business; Sep2010, Vol. 15 Issue 4, p443This paper examines the effect of institutional ownership on stock volatility, returns, and dividend policy in Egypt. It also investigates the impact of dividend policy on the direction of the relation between institutional ownership and stock volatility and returns. Our main results show that...
- TBWA\London.
Azzam, Islam // Campaign (UK); 3/16/2012, Issue 11, p45The article offers information on the advertising agency TBWA\London Ltd. including its key personnel, type of agency, and the company ownership.
- THE RELATION BETWEEN CASH HOLDINGS AND R&D EXPENDITURES ACCORDING TO OWNERSHIP STRUCTURE.
Hyuna Kim; Sun-Young Park // Eurasian Business Review; 2012, Vol. 2 Issue 2, p25In this paper, we examine how the cash holdings have an impact on R&D expenditures and whether the ownership mechanisms moderate the R&D expenditures- the resource of internal funds relationship. The result showed that cash holdings have a positively relationship with R&D expenditures....
- Tie to outside markets is unavoidable.
Suderman, Arlan // Southern Farmer (1541-2008); Oct2012, Vol. 11 Issue 10, p49The article reports on the net fund ownership of corn and soybean which reached a $ 68 billion as the money in Wall Street in New York City tried to capture the impact of the historic drought in 2012.
- Payout Policy Choices and Shareholder Investment Horizons*.
Gaspar, José-Miguel; Massa, Massimo; Matos, Pedro; Patgiri, Rajdeep; Rehman, Zahid // Review of Finance; Jan2013, Vol. 17 Issue 1, p261This paper examines how shareholder investment horizons influence payout policy choices. The authors infer institutional shareholders' investment horizons using the churn rate of their overall stock portfolios prior to the payout decision. The authors find that the frequency and amount of...
- Why Owners Do What They Do.
Pietlock, Bernard A. // AACE International Transactions; 2010, pOWN.01.1The purpose of this paper is to share with contractors the reasons why owners do what they do, and how they might do it. We all tend to view the project world from our place in the process. We have a tendency to ignore what is being practiced on the other side of the owner/contractor...
- The Hong Kong Securities Markets: Review and Prospects.
Yan-Ki Ho, Richard // Asia-Pacific Financial Markets; 1998, Vol. 5 Issue 1, p29The Hong Kong securities markets have achieved the status of regional prominence in that they were ranked number two in Asia after Japan in early 1997. There is also a growing presence of overseas institutional trade from US and UK showing that the Hong Kong market is getting more...
- Institutional Ownership and the Extent to which Stock Prices Reflect Future Earnings.
JIAMBALVO, JAMES; RAJGOPAL, SHIVARAM; VENKATACHALAM, MOHAN // Contemporary Accounting Research; Spring2002, Vol. 19 Issue 1, p117Articles in the financial press suggest that institutional investors are overly focused on current profitability, which suggests that as institutional ownership increases, stock prices reflect less current period information that is predictive of future period earnings. On the other hand,...
- Delegation and Information Sharing in Cournot Duopoly.
Theilen, Bernd // Journal of Economics; Aug2007, Vol. 92 Issue 1, p21Information sharing in oligopoly has been analyzed by assuming that firms behave as a sole economic agent. In this paper it is assumed that ownership and management are separated. Contrary to the classical result of information sharing in a Cournot duopoly with private cost information, the...
- The Effects of Technological Relatedness and Ownership Structure on R&D Performance.
Jongtae Shin // Journal of Management Research (09725814); Dec2010, Vol. 10 Issue 3, p167No abstract available.
- Managerial Ownership, Corporate Governance, and Voluntary Disclosure.
Baek, H. Young; Johnson, Darlene R.; Kim, Joung W. // Journal of Business & Economic Studies; Fall2009, Vol. 15 Issue 2, p44Corporate governance involves various activities that can reduce agency costs. This study found that managerial ownership levels and other types of governance mechanisms in place affect the level and type of corporate discretionary disclosure. These factors, when combined, suggest a complex and...
- The Pacification of Institutional Investors.
Westphal, James D.; Bednar, Michael K. // Administrative Science Quarterly; Mar2008, Vol. 53 Issue 1, p29A large-scale survey of U.S. top executives and fund managers is used to examine how executives may use interpersonal influence behavior to prevent powerful institutional investors from using their coercive power to force changes in corporate governance and strategy. We theorize that high levels...
- Institutional Ownership and Monitoring Effectiveness: It's Not Just How Much but What Else You Own.
Dharwadkar, Ravi; Goranova, Maria; Brandes, Pamela; Khan, Raihan // Organization Science; May/Jun2008, Vol. 19 Issue 3, p419Corporate governance research indicates that large owners provide effective monitoring. In this article, we expand firm-level notions of monitoring to include large institutional owners' investment portfolios and suggest that portfolio characteristics affect owners' motivation and capacity to...
- THE INFLUENCES OF OWNERSHIP STRUCTURE: EVIDENCE FROM CHINA.
Bor-Yi Huang; Cho-Min Lin; Chien-Ming Huang // Journal of Developing Areas; Fall2011, Vol. 45 Issue 1, p209This paper examines that the impact of firm-specific characteristic on firm capital structure in Chinese-listed companies and attempts to solve a few puzzles existing in previous related studies. The key factors include state ownership, institutional ownership, and the risk of default. From the...
- Does Endogenously Determined Ownership Matter on Performance? Dynamic Evidence from the Emerging Taiwan Market.
Liang, Chiung-Ju; Lin, Ying-Li; Huang, Tzu-Tsang // Emerging Markets Finance & Trade; Nov/Dec2011, Vol. 47 Issue 6, p120This paper reexamines the relationship between ownership and firm performance. Using an unbalanced panel data in the emerging Taiwan market, we adopt a simultaneous equations framework to explore the persistence of the relationship across the life cycle of firms over time. Empirical results...
- Corporate Governance and Institutional Ownership.
Chung, Kee H.; Zhang, Hao // Journal of Financial & Quantitative Analysis; 02/01/2011, Vol. 46 Issue 1, p247In this study we examine the relation between corporate governance and institutional ownership. Our empirical results show that the fraction of a company�s shares that are held by institutional investors increases with the quality of its governance structure. In a similar vein, we show that...
- The Evaluation of Corporate Governance Monitoring Mechanisms on Capital Structure in Tehran Stock Exchange.
Mousavi, Zahra; Jari, Azam; aliahmadi, Saied // International Journal of Business & Social Science; 2012, Vol. 3 Issue 1, p192The aim of this study is to evaluate corporate governance monitoring mechanisms (board of direction size, institutional ownership and ownership concentration) on capital structure in Tehran Stock Exchange (TSE). To test the research hypotheses, 90 companies from manufacturing industries had been...
- Ownership Structure in Iran: Firms' Responsibility.
Nodeh, Vahideh Hoseini; Sheriff, Aisha M. // SCMS Journal of Indian Management; Apr2010, Vol. 7 Issue 2, p110This study examines the effects of ownership structure on corporate profitability of Automobile firms in Iran through the period 2005 to 2007. The ownership structure is considered in terms of (i) controlling ownership,(ii)managerial ownership, including managerial financial firm ownership and...
- A Trading Volume Benchmark: Theory and Evidence.
Tkac, Paula A. // Journal of Financial & Quantitative Analysis; Mar1999, Vol. 34 Issue 1, p89This paper provides a theoretical rebalancing benchmark for trading volume that delivers a connection between trading activity in individual stocks and market-wide volume. This model supports the empirical use of an adjustment for market-wide trading activity when filtering out normal trading...
- The Effect of Shareholder Taxes on Corporate Payout Choice.
Moser, William J. // Journal of Financial & Quantitative Analysis; Dec2007, Vol. 42 Issue 4, p991This study investigates whether the difference in individual shareholder tax rates between dividend income and capital gain (the dividend tax penalty) affects a firm's choice between distributing funds to shareholders through dividends or share repurchases. The results of this study suggest...
- The effect of corporate governance on enterprises' finance structure.
Rezaei, Farzin; Ghorbani, Behzad; Yaghoubi, Ali // Interdisciplinary Journal of Contemporary Research in Business; Mar2012, Vol. 3 Issue 11, p187The study aims to identify the variables influencing finance structure in the context of corporate governance. To this end, the sample which includes 88 enterprises out of 423 companies in Tehran Stock Exchange were selected randomly. Corporate governance included ownership centralization,...
- Can Risk-Based Theories Explain the Value Premium?
PHALIPPOU, LUDOVIC // Review of Finance; Jun2007, Vol. 11 Issue 2, p143This paper shows that some of the most prominent risk-based theories offered as explanation for the value premium are at odds with data. The models proposed by Fama and French (1993), Lettau and Ludvingson (2001), Campbell and Vuolteenaho (2004), and Yogo (2006) can capture the cross-section of...
- Related Party Transactions, Firm Performance and Control Mechanisms: Evidence from Taiwan.
Wen-Yi Lin; Liu, Y. Angela; I. Keng // International Research Journal of Finance & Economics; 2010, Issue 35, p82Two conflicting views are considered when examining related party (RP) transactions; one view considers RP transactions as value creating transactions, while the other considers them a means of expropriating firm resources. Owing to the dual nature of the issue, our study seeks to find measures,...
- The Effect of Ownership Structure on Corporate Social Responsibility: Empirical Evidence from Korea.
Oh, Won; Chang, Young; Martynov, Aleksey // Journal of Business Ethics; Dec2011, Vol. 104 Issue 2, p283Relatively little research has examined the effects of ownership on the firms' corporate social responsibility (CSR). In addition, most of it has been conducted in the Western context such as the U.S. and Europe. Using a sample of 118 large Korean firms, we hypothesize that different types of...
- The Impact of Managerial Ownership on Acquisition Attempts and Target Shareholder Wealth.
Song, Moon H.; Walkling, Ralph A. // Journal of Financial & Quantitative Analysis; Dec93, Vol. 28 Issue 4, p439This paper examines the relation between managerial ownership and the probability of being a target firm, and the impact of managerial ownership on target shareholder returns. The paper finds that targets have lower managerial ownership than either their industry counterparts or randomly...
- Influence of Ownership Structure on Earning Quality in the Listed Firms of Tehran Stock Exchange.
Moradi, Mohammad Ali; Nezami, Ahmad // International Journal of Business Administration; Nov2011, Vol. 2 Issue 4, p146The main goal of this study is to analyze the relation between ownership centralization and institutional ownership with the earning quality. Studying factors which influence the earning quality can lead to better decision making by investors and it is finally arise by public awareness and also...
- Fiscal decentralization and multinational firms' ownership: evidence from China.
Wu, Shih-Ying; Teng, Mei-Jane // Economics of Governance; Sep2012, Vol. 13 Issue 3, p237China's fiscal decentralization increases the incentive for local governments to maintain economic prosperity and improve institutional environments for multinational firms. This study investigates the impact of fiscal decentralization on the ownership shares of multinational firms in China....
- The Effect of CSR Disclosure on Institutional Ownership.
Mohammad Ziaul Hoq; Saleh, Mustaruddin; Zubayer, Mahmud; Mahmud, Kazi Tanvir // Pakistan Journal of Commerce & Social Sciences; Jan2010, Vol. 4 Issue 1, p22This study attempts to address the question of whether Corporate Social Responsibility Disclosure (CSRD) has any impact to institutional investors of the public limited companies (PLC) in Malaysia. Despite CSRD being at a nascent stage in Malaysia, such reporting is found to be positively...
- Corporate Governance, Institutional Ownership, and the Decision to Pay the Amount of Dividends: Evidence from USA.
Gill, Amarjit S.; Obradovich, John D. // International Research Journal of Finance & Economics; 9/1/2012, Issue 97, p60The decision to pay dividends is influenced by many financial factors. The purpose of this study is to find the relationships between corporate governance, institutional ownership, and the decision to pay dividends in American service firms. A sample of 296 American firms listed on New York...
- MC Moves to Let Banks Cash Out Quicker.
Terris, Harry // American Banker; 4/11/2007, Vol. 172 Issue 69, p1The article discusses the decision by MasterCard Inc. to let its bank shareholders sell most of their shares over the next three years. Currently they are forbidden to unload any of the shares until 2010, but the company said it wants to prevent a glut of stock from hitting the market on the...
- Institutional Preferences: Evidence from the Jordanian Stock Market.
Al-Amarneh, Asmaa; Al-Kilani, Qais; Kaddumi, Thair // International Journal of Economics & Finance; Oct2011, Vol. 3 Issue 5, p97This paper provides evidence that institutional investors show preferences for large capitalization stocks, with good financial performance, high degree of leverage, low trade frequency, low annual return, and low price to book value ratio. Dividend Yield and stock volatility as measured by the...
- CARD may still be on hook for TIF funds.
Sanders, Ramona C. // Collinsville Herald; 10/3/2012, Vol. 54 Issue 40, pA1The article reports on the tax increment financing (TIF) funds that the Collinsville Area Recreation District (CARD) must repay to the city of Collinsville for the rehabilitation of the Miner's Institute despite giving up ownership of the building. In September 2012, CARD voted to return...
- The effects of ownership structure on corporate value in the Tehran Stock Exchange (TSE).
Osta, Sohrab; Naderi, Hossein // Management Science Letters; 2012, Vol. 2 Issue 4, p1341In the present study, the separate and simultaneous role of concentration and type of ownership on corporate value is investigated. In this study, the ownership structure is classified into four classes: the institutional ownership, the corporate ownership, the management ownership and the...
- Institutional Ownership, Capital Structure and R&D Investment.
Hsuehen-En Hsu // International Proceedings of Economics Development & Research; 2011, Vol. 4, p362Research and development (R&D) is vital for IT firm's innovation. This study investigates the relationship among institutional ownership, capital structure, and R&D investment for 336 listed IT firms from 2006 to 2009 by using OLS regression model. Empirical evidence shows that there is no...
- Media ownership: lessons from the US.
Napoli, Philip M. // Intermedia (0309118X); Sep2009, Vol. 37 Issue 3, p13The article focuses on the historical background on the problem of media ownership policy in the U.S. and outline the set of principles. It states that this principles can not lead to answers all the questions that necessarily will confront policymakers handling the issue. Moreover, they hoped...
- The Effect Of Conference Call Initiations On Analyst Coverage And Institutional Ownership.
Stephanou-Charitou, Melita; Vlittis, Adamos; Lois, Petros // Journal of Business & Economics Research; Nov2010, Vol. 8 Issue 11, p21The study empirically examines changes in institutional ownership and analyst coverage in the years following conference call initiations. We find significant increases in both variables in the years following initiations of conference calls after controlling for confounding factors. These...
- Wachovia: No More Pain from Reinsurer.
Davis, Paul // American Banker; 2/5/2008, Vol. 173 Issue 24, p20The article reports that Wachovia announced that it expects no more negative impact from its ownership of a reinsurance company whose ratings are being reviewed for a downgrade by Moody's Investors Service. Wachovia created the BluePoint Re Ltd. of Bermuda in November 2004, capitalizing it with...
- EVERYTHING HAS CHANGED� NOTHING HAS CHANGED.
Davis, Paul // Minnesota Insurance; Apr2012, Vol. 30 Issue 4, p12The article focuses on the changes that have transformed the insurance industry in Minnesota. It indicates that the Internet that was made popular in 1998 by Google and other search engines have changed the industry. Other changes include the influx of women into the industry and the...
- The Influence of Institutional and Government Ownership on Firm Performance: Evidence from Kuwait.
Alfaraih, Mishari; Alanezi, Faisal; Almujamed, Hesham // International Business Research; Oct2012, Vol. 5 Issue 10, p192Drawing on prior theoretical and empirical research examining corporate governance mechanisms, this study empirically explores the effects of institutional and government ownership on the performance of firms listed on the Kuwait Stock Exchange (KSE). Both a market-based measure (Tobin's Q) and...
- A Federal Performance Framework: Are We There Yet?
Kamensky, John M. // PA Times; Oct2012, Vol. 35 Issue 4, p9The author discusses the federal performance framework to be passed by the U.S. Office of Management and Budget (OMB) to the U.S. Congress in early 2013, as part of its budget guidance for agencies. It says that OMB executive Shelley Metzenbaum, who develops the guidance, says that agency...
- Qatar-Bahrain takaful to start operations in 2010.
Kamensky, John M. // MiddleEast Insurance Review; Dec2009, p22The article reports on the plans of the Bahraini-Qatari joint venture in Doha, Qatar called Al Jasr Takaful for 2010. It notes that the company will sell 60% of the company comprising 30% of its capital in Bahrain and 30% in Qatar through an initial public offering for two years as it will start...
- M&A CREATES NO SHORT-TERM VALUE.
Kamensky, John M. // Rock Products; Aug2010, Vol. 113 Issue 8, p17The article discusses a study conducted by University of Wisconsin-Milwaukee researchers which reveals that shareholder losses in acquiring companies were associated with the level of overlapping ownership. The acquiring company value reportedly dropped by 1.6 million U.S. dollars in merger and...
- Navigating Shareholder Influence: Compensation Plans and the Shareholder Approval Process.
Brandes, Pamela; Goranova, Maria; Hall, Steven // Academy of Management Perspectives; Feb2008, Vol. 22 Issue 1, p41Corporate governance research emphasizes the influence of institutional owners on company outcomes such as strategic decisions, organizational structures, and executive compensation. However, little is known about the process companies use to gain support for management-sponsored compensation...
