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| Author: | Roth, G. Saporoschenko, A. |
| Title: | Institutional Ownership of Bank Shares |
| Journal: | Financial Analysts' Journal
2001 : JUL-AUG, VOL. 57:4, p. 27-36 |
| Index terms: | BANKING BANKS INSTITUTIONAL INVESTORS INSTITUTIONS |
| Language: | eng |
| Abstract: | In the paper the authors analyzed factors that might influence institutional holdings of bank shares. The authors' primary expectation was that alignment of the economic interests of bank CEOs with those of bank shareholders would be particularly important in determining which banks attract institutional investment funds. The authors' research results shows that the sensitivity of bank CEO's compensation to shareholder wealth does have a positive influence on the proportion of a bank's shares held by institutional investors. Additional evidence suggests that bank size is positively related to institutional ownership whereas capital adequacy and stock variance are negatively related to institutional ownership. |
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