Article ID Journal Published Year Pages File Type
5089296 Journal of Banking & Finance 2013 17 Pages PDF
Abstract
► We test two views of institutional investors-monitoring vs. short-termism. ► Institutional investor stability is negatively associated with future crash risk. ► The finding is consistent with the monitoring theory of institutional investors. ► Legal types of institutional investors affect future crash risk.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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