haku: @indexterm directors / yhteensä: 187
viite: 16 / 187
| Tekijä: | Khurshed, A. Lin, S. Wang, M. |
| Otsikko: | Institutional block-holdings of UK firms: do corporate governance mechanisms matter? |
| Lehti: | European Journal of Finance
2011 : JAN-FEB, VOL. 17: 1-2, p. 133-152 |
| Asiasana: | holding companies corporate governance directors United Kingdom |
| Vapaa asiasana: | board structure institutional |
| Kieli: | eng |
| Tiivistelmä: | Based on a sample of UK firms in-depth investigation, the paper expounds the following results: i. The institutional block-holding is negatively associated with directors' ownership and is positively associated with board composition, suggesting that institutional block-holders (henceforth as: b-hlds.) regard directors' ownership and board composition as substitute and complementary control mechanisms, respectively. ii. The UK institutional b-hlds. prefer smaller firms and firms with a shorter listing history. The presence of institutional b-hlds. is associated with smaller boards and lower trading liquidity. iii. The investment preference of UK institutional b-hlds. varies with the level of their shareholding. |
SCIMA