Can Institutional Investors Bias Real Estate Portfolio Appraisals? Evidence from the Market Downturn
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Business Ethics"
DOI: 10.1007/s10551-015-2953-1
Abstract: This paper investigates the extent to which institutional investors may have influenced independent real estate appraisals during the financial crisis. A conceptual model of the determinants of client influence on real estate appraisals is proposed.… read more here.
Keywords: estate; institutional investors; real estate; client ... See more keywords
Effect of air quality on corporate environmental disclosure: The moderating role of institutional investors
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DOI: 10.1016/j.bir.2021.02.005
Abstract: Abstract As air quality has deteriorated, corporate environmental information disclosure (EID) has received extensive attention. We examine how air quality and institutional investors affect corporate EID under China’s New Environmental Protection Law (NEPL). We show… read more here.
Keywords: institutional investors; air; eid; effect ... See more keywords
Dream team or strange bedfellows? Complementarities and differences between incumbent energy companies and institutional investors in Swiss hydropower
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DOI: 10.1016/j.enpol.2018.04.046
Abstract: Institutional investors can potentially be a significant source of capital for financing the energy transition. This is even more important as incumbent energy companies in many European countries struggle to adjust their business model to… read more here.
Keywords: risk; energy companies; institutional investors; swiss hydropower ... See more keywords
Cognitive reference points, institutional investors' bid prices, and IPO pricing: Evidence from IPO auctions in China
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DOI: 10.1016/j.finmar.2017.09.002
Abstract: Abstract We study institutional investors' bidding behavior in initial public offering (IPO) auctions. Our findings suggest that institutional investors exhibit cognitive reference point (CRP) anchoring. That is, investors focus on integer numbers closest to non-integer… read more here.
Keywords: ipo auctions; reference points; institutional investors; price ... See more keywords
Do Locals Know Better? A Comparison of the Performance of Local and Foreign Institutional Investors
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DOI: 10.1016/j.jbankfin.2017.06.002
Abstract: We compare the performance of local versus foreign institutional investors using a comprehensive data set of equity holdings in 32 countries during the 2000–2010 period. We find that foreign institutions perform as well as local… read more here.
Keywords: know better; institutional investors; foreign institutional; performance local ... See more keywords
The cohabitation of institutional investors with the government: A case study of the TARP–CPP program
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DOI: 10.1016/j.jbef.2020.100382
Abstract: Abstract We take advantage of a unique setting taken place in the U.S. during the financial crisis of 2007–2009 to examine institutional investors’ investment behavior surrounding government investments. We examine 202 publicly-listed banks that received… read more here.
Keywords: institutional investors; tarp cpp; cohabitation institutional; program ... See more keywords
Short-term institutional investors and agency costs of debt
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DOI: 10.1016/j.jbusres.2018.10.019
Abstract: We conjecture that the presence of short-term institutional investors exacerbates agency conflicts between shareholders and creditors because short-term institutions might force firm managers to take myopic actions. Using the data on private debt to U.S.… read more here.
Keywords: term; debt; institutional investors; short term ... See more keywords
Style investing and firm innovation
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DOI: 10.1016/j.jfs.2017.08.005
Abstract: We document that transient, dedicated and quasi-indexed institutional investors exhibit a high degree of within-group heterogeneity with respect to their investment styles (i.e., growth, value, and balanced). We find that growth institutional investors enhance firm… read more here.
Keywords: institutional investors; style investing; innovation; firm innovation ... See more keywords
Does board governance matter for foreign institutional investors to invest in listed tourism firms
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DOI: 10.1016/j.tourman.2018.03.001
Abstract: Abstract Foreign institutional investors perform a critical role in the development of the tourism industry. While board governance is a critical mechanism in firms, few studies have attempted to investigate whether board governance matters when… read more here.
Keywords: tourism; institutional investors; foreign institutional; board ... See more keywords
Institutional investors and opportunistic seasoned equity offerings in the Korean stock market
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DOI: 10.1080/00036846.2016.1200183
Abstract: ABSTRACT This study examines the impact of institutional monitoring on opportunistic seasoned equity offerings (SEOs) in the Korean stock market. With a firm’s accrual quality as a measurement for the degree of information asymmetry between… read more here.
Keywords: institutional investors; opportunistic seasoned; seasoned equity; stock market ... See more keywords
How Do Institutional Investors Affect Corporate Performance? Evidence from Private Placements in China
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DOI: 10.1080/1540496x.2018.1426456
Abstract: ABSTRACT Using data on private placements in China from 2007 to 2014, we show that abnormal returns of issuing companies’ stocks are significantly positive on the announcement day, but they become significantly negative during the… read more here.
Keywords: private placements; affect corporate; institutional investors; finance ... See more keywords