Institutional cross-holdings and their effect on acquisition decisions
By Jarrad Harford, Dirk Jenter, Kai Li. 2011
219 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/e53f66a0982423f1f43047b514fa69869d8f0abe
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Michelle René Lowry
- Katharina Lewellen
- Jay R. Ritter
- K. Hanley
- Thomas J. Chemmanur
- Gerard Hoberg
- Jie He
- Xiaoyun Yu
In Finance
- Katharina Lewellen
- Michelle René Lowry
- Jay R. Ritter
- Thomas J. Chemmanur
- Jie He
- Xiaoyun Yu
- Ľuboš Pástor
- Pietro Veronesi
Citations in the corpus
- Institutional Cross-Ownership and Corporate Strategy: The Case of Mergers and Acquisitions (2018, unknown): “Additionally, a single institutional crossowner may not act differently from other institutional non cross-owners because its holdings of acquirer and target stocks may be asymmetric (Harford et al., 2011).”
- The Effect of Cultural Similarity on Mergers and Acquisitions: Evidence from Corporate Social Responsibility (2018, unknown): “Specifically, acquiring firms are substantially larger than target firms, have higher sales growth and profitability (return on assets: ROA), higher valuation multiples, and exhibit lower R&D intensity than target firms (e.g., Harford, Jenter, and Li, 2011; Bena and Li, 2014).”
- Common ownership and competition in product markets (2021, unknown): “Therefore, to more directly address the causal nature of the proposed relation, we follow He and Huang (2017), Azar et al.”
- Investor Horizons and Corporate Policies (2013, unknown): “For the index, we use the CRSP value-weighted index.13 We classify investors with an active share of up to 0.25 as “indexers” (cf. Harford, Jenter, and Li (2011), who use a cutoff of 0.30), and we classify all other investors as “nonindexers.””