Cross-Ownership, Returns and Voting in Mergers

By Gregor Matvos, Michael Ostrovsky. 2008

231 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/50aefdd581c44ff399d302f4c0bd64f5086354e8

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Citations in the corpus

Failure and success in mergers and acquisitions (2019, unknown): “As the returns to acquiring firm shareholders tend to be negative or zero on average, Matvos and Ostrovsky (2008) question”
Internalizing governance externalities: The role of institutional cross-ownership (2019, unknown): “Matvos, Gregor, and Ostrovsky, Matvos, 2008, Cross-ownership, returns, and voting in mergers, Journal of Financial Economics 89, 391–403.”
Who’s Paying Attention? Measuring Common Ownership and Its Impact on Managerial Incentives (2019, unknown): “3 For example, recent work evaluates the impact common ownership could have on firm competitiveness (Azar, Schmalz, and Tecu, 2018; Azar, Raina, and Schmalz, 2019; Dennis, Gerardi, and Schenone, 2018; Gramlich and Grundl, 2017; O’Brien and Waehrer, 2017), governance (Azar, 2011; He, Huang, and Zhu, ”
Heterogeneity and peer effects in mutual fund proxy voting (2010, background): “…in other firms was higher 8 Preferences of mutual funds may differ in mergers and acquisitions: e.g., two funds may have the same stakes in the acquirer and different stakes in the target, resulting in different preferences over the outcome of the proposed acquisition (Matvos and Ostrovsky, 2008).”
Motivated monitors: The importance of institutional investors׳ portfolio weights (2015, unknown): “Matvos and Ostrovsky (2008) argue that gains on target shares held by the bidder’s institutional investors more than offset their losses on bidder shares. To consider this possibility, for each target in our sample, we perform a shareholder-by-shareholder analysis. This test shows that monitoring in”
Institutional Cross-Ownership and Corporate Strategy: The Case of Mergers and Acquisitions (2018, unknown): “Our paper documents that institutional cross-ownership, as a new link between acquirers and targets, has a significant impact on M&As.”
Anticompetitive Effects of Common Ownership (2018, unknown): “The second stream of related literature concerns institutional investors’ involvement in corporate governance (e.g., Aggarwal and Samwick, 1999; Hartzell and Starks, 2003; Matvos and Ostrovsky, 2008; Cronqvist and Fahlenbrach, 2009; Harford, Jenter, and Li, 2011; Kaplan and Minton, 2012; Massa and Ž”
Shareholders at the Gate? Institutional Investors and Cross-Border Mergers and Acquisitions (2010, unknown): “16 Harford, Jenter, and Li (2007) and Matvos and Ostrovsky (2008) examine the importance of institutional cross-ownership in the U.”
Common Ownership in America: 1980–2017 (2019, background): “In particular cases, e.g, that of Matvos and Ostrovsky (2008), there is a clear mechanism through the exercise of voting rights, but how would an institutional manager manipulate lower-level choices such as prices?”
Venture Capital Conflicts of Interest: Evidence from Acquisitions of Venture-Backed Firms (2010, unknown): “The economic impacts of cross holdings of bidder and target firms by institutional shareholders are recently analyzed in the context of public firm acquisitions by Harford, Jenter and Li (2008), Bodnaruk, Massa and Simonov (2008), and Matvos and Ostrovsky (2008).”