Large Shareholder Diversification and Corporate Risk-Taking

By Mara Faccio, M. Marchica, Roberto Mura. 2010

857 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/67fbb1df4ffb2e078109a5b55bbbb909bdfdc946

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Citations in the corpus

Sharing Risk with the Government: How Taxes Affect Corporate Risk Taking (2017, neutral): “Feldstein (1969) demonstrates that proportional taxation with full loss-offset does not generally cause individuals to increase risk-taking in the context of von Neumann-Morgenstern expected-utility maximization.”
Ownership structure, control contestability, and corporate debt maturity (2015, result): “These variables have been shown in prior studies to be determinants of the presence of large shareholders (e.g., Demsetz and Lehn, 1985; Faccio et al., 2011).”
A Corporate Culture Channel: How Increased Shareholder Governance Reduces Firm Value (2013, background): “Furthermore, work focusing on the diversification of a controlling owner's portfolio and firm outcomes reiterates that the transmission mechanism is investor influence (Faccio, Marchica, and Mura (2011)).”
Bank Income Smoothing, Ownership Concentration and the Regulatory Environment (2014, neutral): “Greenawalt and Sinkey (1988), Wahlen (1994), Beatty et al.”
Insider Trading in Takeover Targets (2012, background): “…in the U.S., almost all of the charges in the Levine–Boesky–Milken case in the late 1980s and many of the charges in the Galleon hedge fund case in 2009, relate to insider trading in takeover targets (see, e.g., Bray, 2010; Frantz, 1987; Sharma and Pulliam, 2009; Strasburg and Bray, 2009).”
CEO Gender, Corporate Risk-Taking, and the Efficiency of Capital Allocation (2016, background): “The quality of data in Amadeus Top 250,000 is discussed in detail in Faccio et al. (2011). We gather the data from the annual Amadeus Top 250,000 DVDs.”
Corporate governance reform and risk-taking: Evidence from a quasi-natural experiment in an emerging market (2020, methodology): “Risk-Taking and Corporate Investment Proxies Following the literature, we use earnings-volatility as our prime variable to capture corporate risk-taking in our empirical testing (John et al., 2008; Faccio et al., 2011; Boubakri et al., 2013).”
National culture and corporate debt maturity (2012, background): “Fan et al. (2011) conjecture, for instance, that insurance companies have a predilection for holding long-term securities while banks have a preference for short-term securities.”