Do Institutional Investors Exacerbate Managerial Myopia

By Sunil Wahal, John J. McConnell. 2000

305 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/70117d26e262166c0229967198b30180460b470a

Citations in the corpus

• Institutional Investor Stability and Crash Risk: Monitoring versus Short-Termism? (2013, unknown): “3 See Jarrell and Poulsen (1987), Brickley et al. (1988), Agrawal and Mandelker (1990, 1992), McConnell and Servaes (1990), Bushee (1998), Wahal and McConnell (2000), Hartzell and Starks (2003), Parrino et al. (2003), Ajinkya et al. (2005), Bushee et al. (2008), Janakiraman et al. (2010), Aggarwal…”
• Distribution of institutional ownership and corporate firm performance (2010, unknown): “With a similar idea, Wahal and McConnell (2000) use the shareholding proportions of investor turnover quintiles to measure the influence of stable versus unstable shareholders (WM turnover).”
• Do the Type and Number of Blockholders Influence R&D Investments? New evidence from Spain (2007, unknown): “Some studies (e.g. Wahal and McConnell, 2000; Hill and Snell, 1988; Baysinger et al., 1991) found the existence of a positive relationship between the presence of institutional shareholders and R&D investment.”
• The empirical relationship between ownership characteristics and audit fees (2007, unknown): “Institutional shareholders are often characterized as the sophisticated ownership group in various research contexts (e.g., Bushee, 1998; Utama and Cready, 1997; El-Gazzar, 1998; Duggal and Millar, 1999; Bartov et al., 2000; Wahal and McConnell, 2000; Balsam et al., 2002; Chung et al., 2002; Mitra”
• Corporate Governance, Corporate Ownership, and the Role of Institutional Investors: A Global Perspective (2003, unknown): “But Wahal and McConnell (2000) reach a different conclusion when studying expenditures on R&D and property, plant, and equipment.”
• Women on board: does boardroom gender diversity affect firm risk? (2016, unknown): “We also contribute to a broader literature that has documented the relations between firm risk-taking and other corporate governance characteristics, including CEO gender, financial expertise, ownership, compensation and the presence of institutional investors (e.g. Faccio et al., 2014; Wahal and Mc”
• Institutional ownership stability and BHC performance (2008, unknown): “Wahal and McConnell (2000) also find that shareholding proportion of low turnover institutional investors is positively related to corporate expenditures for property, plant and equipment and R&D investment (long-term investment).”
• How Do Foreign Institutional Investors Enhance Firm Innovation? (2017, unknown): “14 This way of quantifying the size of the effect of foreign institutional ownership is consistent with several studies on institutional ownership, such as Chung and Zhang (2011) and Wahal and McConnell (2000).”