Institutional Investor Preferences and Price Pressure: The Case of Corporate Spin-Offs

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Which Institutional Investors Trade Based on Private Information About Earnings and Returns (2007, methodology): “…al. (2003) GROWTH An indicator variable equal to 1 if the institution is classified as a growth investor based on the classification scheme used in Abarbanell et al. (2003) TRANSIENT An indicator variable equal to 1 if the institution is classified as a transient based on the classification…”
Institutional Cross-Ownership and Corporate Strategy: The Case of Mergers and Acquisitions (2018, unknown): “, 1988; Agrawal and Mandelker, 1990; Bushee, 1998; Hartzell and Starks, 2003; Abarbanell et al., 2003; Kim et al., 2016). As in M&As, Gaspar et al. (2005) find that institutional investors with high-turnover portfolios exert little influence on managers with regard to acquisition decisions.”
Institutional Ownership Differences and International Diversification: The Effects of Boards of Directors and Technological Opportunity (2003, background): “Focusing on pension funds’ interest in corporate refocusing, Abarbanell, Bushee, and Raedy (2001) provided evidence that these institutional investors, because of their stringent fiduciary standards, rebalance their portfolios shortly after firms spin off some of their business operations.”