Stock price synchronicity, crash risk, and institutional investors

Both stock price synchronicity and crash risk are negatively related to the firm's ownership by dedicated institutional investors, which have strong incentive to monitor due to their large stake holdings and long investment horizons. In contrast, the relations become positive for transient inst...

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Vydané v:	Journal of corporate finance (Amsterdam, Netherlands) Ročník 21; s. 1 - 15
Hlavní autori:	An, Heng, Zhang, Ting
Médium:	Journal Article
Jazyk:	English
Vydavateľské údaje:	Amsterdam Elsevier B.V 01.06.2013 Elsevier Elsevier Science Ltd
Predmet:	Agency problem Cash flow Crash risk Institutional investments Institutional monitoring Investment policy Risk management Stock price synchronicity Stock prices Studies Agency problem Crash risk G2 G3 Institutional monitoring Stock price synchronicity
ISSN:	0929-1199, 1872-6313
On-line prístup:	Získať plný text
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