Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5089881 | Journal of Banking & Finance | 2011 | 12 Pages |
Abstract
This research analyzes the impact of control by dominant institutional owners (banking institutions and investment funds) on firm value. The analysis considers the level of voting rights in the hands of the dominant institutional owner and other large shareholders. The results reveal a different effect on value depending on whether the dominant institutional investor is a banking institution or an investment fund. Moreover, the results show that the presence of other large shareholders affects firm value when a dominant institutional owner controls the firm.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
MarÃa Victoria Ruiz-MallorquÃ, Domingo J. Santana-MartÃn,