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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Veröffentlicht in:	Journal of corporate finance (Amsterdam, Netherlands) Jg. 21; S. 1 - 15
Hauptverfasser:	An, Heng, Zhang, Ting
Format:	Journal Article
Sprache:	Englisch
Veröffentlicht:	Amsterdam Elsevier B.V 01.06.2013 Elsevier Elsevier Science Ltd
Schlagworte:	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
Online-Zugang:	Volltext
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