Large Blocks of Stock: Prevalence, Size, and Measurement
By Jennifer Dlugosz, Rüdiger Fahlenbrach, Paul A. Gompers, Andrew Metrick. 2006
319 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/e4813ad45281c25e144768d098044d65850a37ee
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Alex Edmans
- Clifford G. Holderness
- Stuart L. Gillan
- Jared D. Harris
- Philip Bromiley
- Gustavo Manso
- Xuemin Yan
- P. Brockman
In Finance
- Alex Edmans
- Clifford G. Holderness
- Stuart L. Gillan
- Gustavo Manso
- Xuemin Yan
- P. Brockman
- Brian W. Mayhew
- Jared D. Harris
Citations in the corpus
- Stock Market Liquidity and Firm Value (2009, unknown): “Another causal mechanism through which liquidity may discipline management is identified in Edmans (2009), Admati and Pfleiderer (2009), and Palmiter (2002)—if management’s compensation is tied to current stock prices, then increased liquidity increases the cost of opportunism to managers by facilit”
- The Myth of Diffuse Ownership in the United States (2009, methodology): “5 Dlugosz et al. (2006) and Perez-Gonzalez (2003) detail these problems.”
- Corporate Governance: What’s Special About Banks? (2013, background): “9My own calculations, based on the Dlugosz et al. (2006) dataset on blockholdings of US publicly listed companies, shows that, as of 2001, 1 in 5 US nonfinancial companies had total blockholder ownership by insiders (officers, directors, and affiliated parties) in excess of 10%, whereas there were…”
- Valuation of firms that disclose related party transactions (2010, methodology): “We use an indicator variable equal to one (BLOCK) when at least one non-employee/non-directors’ owns more than 5% of the equity based on data from Dlugosz et al. (2006).”
- Governance Through Trading and Intervention: A Theory of Multiple Blockholders (2011, methodology): “Table 1 illustrates the prevalence of multiple blockholders using U.S. data for 2001 from Dlugosz et al. (2006).”
- Recent Developments in Corporate Governance: An Overview (2006, background): “Notably, Dyck and Zingales (2002) focus on how the media pressures corporate managers and directors to behave in a “socially acceptable” manner.”