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Journal articles on the topic 'Institutional Investors'

Author: Grafiati

Published: 4 June 2021

Last updated: 25 July 2025

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1

Lee, Eun Jung, Yu Kyung Lee, and Joon Chae. "Investor Attention and Expected Return." Journal of Derivatives and Quantitative Studies 27, no. 1 (2019): 49–83. http://dx.doi.org/10.1108/jdqs-01-2019-b0002.

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In this paper, we analyze the effect of investor attention level on expected return in the Korean stock market by investor type. We find that the risk-adjusted excess returns in the next period are significantly higher when the institutional and foreign investor’s attention is high. In other words, investment strategies that buy stocks in higher attention groups and sell those in lower attention groups provide significant excess returns. This result is in contrast to the argument that the market operates more competitively and moves more efficiently as the number of investors increases due to

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2

Song, Chan Young, and Saeyeul Park. "The Investment Horizon of Institutional Investors and Firm Value." East and West Studies 34, no. 2 (2022): 275–308. http://dx.doi.org/10.29274/ews.2022.34.2.275.

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This study focuses on the investment horizon of institutional investors in verifying the effect of corporate value on institutional investors, and empirically analyzes the effect on corporate value according to the investment horizon of institutional investors. From 2011 to 2018, we utilize the annual data of 631 companies listed in KOSPI. First, the interaction variables of the investment horizon variables and the rate of the institutional investor shareholding were added to confirm the relationship between the corporate value and those variables. Second, the relationship between the institut

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3

Mustilli, Mario, Francesco Campanella, and Eugenio D’Angelo. "Abnormal Returns and Fundamental Analysis in Institutional Investors’ Decision-making: An Agency Theory Approach." International Business Research 11, no. 2 (2018): 55. http://dx.doi.org/10.5539/ibr.v11n2p55.

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The purpose of this paper is to investigate the abnormal returns achieved by institutional investors. Distinguishing between institutional investors operating with a specific mandate to invest and those that operate their own choices independently from such a specific delegation, we show that the former achieve higher abnormal returns than the latter. The conceptual explanation of this result is attributable to the use of the fundamental analysis that the first type of institutional investors realized in a higher and more effective way than the second. This different approach in selecting secu

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4

Jaiyeoba, Haruna Babatunde, Moha Asri Abdullah, and Khairunisah Ibrahim. "Institutional investors vs retail investors." International Journal of Bank Marketing 38, no. 3 (2019): 671–91. http://dx.doi.org/10.1108/ijbm-07-2019-0242.

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Purpose Guided by several pioneered studies, the purpose of this paper is to comprehensively investigate the investment behaviours of Malaysian retail and institutional investors in an attempt to identify whether the influence of psychological biases is equally applicable to investor divides. Design/methodology/approach The researchers have adopted a quantitative research design by way of survey methodology to obtain data from institutional and retail investors in Malaysia. In addition, the authors have mainly employed second-order measurement invariance analysis to uncover the difference acro

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5

Lamb, Reinhold P. "Institutional Investors." International Review of Economics & Finance 12, no. 1 (2003): 145–47. http://dx.doi.org/10.1016/s1059-0560(02)00157-0.

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6

Le, Thien. "Top institutional investors and accounting comparability." Corporate Ownership and Control 18, no. 4 (2021): 42–66. http://dx.doi.org/10.22495/cocv18i4art4.

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This study examines the relation between firm pair’s sharing of a top institutional investor (i.e., an institutional investor with the largest shareholding) and accounting comparability. Using data from Compustat, CRSP, and Thompson Reuters over the 1993–2017 period, the study finds that firm pairs that share the top institutional investor exhibit higher accounting comparability than other firm pairs. In addition, firm pairs whose top institutional investors are monitoring institutions (regardless of whether they are the same institutions) exhibit greater comparability than other firm pairs wh

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Verma, Rahul, Gökçe Soydemir, and Tzu-Man Huang. "Are smart beta funds really smart? Evidence from rational and quasi-rational investor sentiment data." Review of Behavioral Finance 12, no. 2 (2019): 97–118. http://dx.doi.org/10.1108/rbf-08-2018-0084.

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Purpose The purpose of this paper is to examine the relative effects of rational and quasi-rational sentiments of individual and institutional investors on a set of smart beta fund returns. The magnitudes of the impacts of institutional investor sentiments are greater than those of individual investor sentiments. In addition, both rational and quasi-rational sentiments of individual and institutional investors have significant impacts on smart beta fund returns. The magnitudes of the impacts of quasi-rational sentiments are greater than those of the rational sentiments for both types of invest

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Wang, Jianye, Yubing Ke, Huixue Zhang, and Yusi Cheng. "Which institutional investors can improve the level of corporate ESG information disclosure?" PLOS ONE 18, no. 11 (2023): e0290008. http://dx.doi.org/10.1371/journal.pone.0290008.

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The inconsistency of existing findings on the relationship between institutional investors’ shareholdings and the level of corporate Environmental, Social and Governance (ESG) disclosure may lie in the insufficient consideration of the heterogeneity of institutional investors and investee firms. In this paper, from the perspective of institutional investor heterogeneity, we use a two-way fixed effects model to examine the impact of institutional investors on corporate ESG disclosure and the possible mechanism of this impact using a sample of Chinese A-share-listed firms from 2012 to 2020. We s

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Vazhynskyi, Volodymyr, Mykola Pohoretskyi, and Zoriana Toporetska. "ASSESSMENT OF KEY MARKETS FOR INSTITUTIONAL INVESTORS IN UKRAINE IN THE CONTEXT OF WAR." Baltic Journal of Economic Studies 9, no. 4 (2023): 44–49. http://dx.doi.org/10.30525/2256-0742/2023-9-4-44-49.

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The article is devoted to the assessment of key markets for institutional investors in Ukraine in the context of Russia's full-scale invasion. The purpose of this study is to assess the institutional investor market in Ukraine during the war. To achieve this goal, it is necessary to solve the following tasks: to study the legal status of an institutional investor in Ukraine and its types, to assess changes in the institutional investor market after the start of a full-scale invasion, to identify key risks that exist in the market now, and to provide proposals on the need to improve state regul

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10

Kim, Kyung Soon, Jinwoo Park, and Yun W. Park. "Differential informativeness of analyst reports by investor types." Managerial Finance 43, no. 5 (2017): 567–94. http://dx.doi.org/10.1108/mf-06-2016-0166.

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Purpose The purpose of this paper is to investigate whether there is any difference across individual investors, domestic and foreign institutional investors in trading volume responses to analyst reports. The authors also examine the determinants of trading volume responses using firm as well as forecast characteristics. Design/methodology/approach The authors use trading data from the Korean equity market. The authors divide investors into three classes of investors; namely, individual investors, domestic institutional investors, and foreign institutional investors. The authors then examine

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Melis, Danielle A. M., and André Nijhof. "The role of institutional investors in enacting stewardship by corporate boards." Corporate Governance: The International Journal of Business in Society 18, no. 4 (2018): 728–47. http://dx.doi.org/10.1108/cg-09-2017-0210.

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Purpose This paper aims to clarify the relationship between the voting and engagement behaviour of institutional investors, i.e. institutional investor stewardship behaviour, and the enactment of stewardship by corporate boards. In doing so, this paper contributes to the evaluation of contemporary corporate governance systems and provides recommendations for the redesign of these systems. Design/methodology/approach This paper is based on a qualitative exploratory descriptive research study into assumed, prescribed and the actual behaviour of institutional investors. Their behaviour is explore

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12

Schmidt, Daniel. "Distracted Institutional Investors." Journal of Financial and Quantitative Analysis 54, no. 6 (2018): 2453–91. http://dx.doi.org/10.1017/s0022109018001242.

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I investigate how distraction affects the trading behavior of professional asset managers. Exploring detailed transaction-level data, I show that managers with a large fraction of portfolio stocks that have an earnings announcement are significantly less likely to trade in other stocks, suggesting that these announcements divert attention from trading decisions for other stocks. This distraction effect is more pronounced for nonpassive managers who engage in active stock selection choices. Finally, I identify three channels through which distraction hurts managers’ performance: Distracted mana

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Lauterbach, Beni, and Yevgeny Mugerman. "The Effect of Institutional Investors’ Voice on the Terms and Outcome of Freeze-out Tender Offers." Quarterly Journal of Finance 10, no. 01 (2020): 2050002. http://dx.doi.org/10.1142/s2010139220500020.

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We study the impact of institutional investors’ “voice” on 201 going private tender offers by controlling shareholders (“freeze-out” offers) in Israel. Israeli regulatory intervention in freeze-out tender offers is relatively mild; thus, institutional investors’ activism becomes crucial. We find that institutional voice has dual effects. On one hand, when there are pre-negotiations with institutional investors’ (their voice is heard), accepted offers’ premiums increase. On the other hand, when institutional investors express their voice, yet reject the offer, these rejections appear to hurt sh

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Nan, Wang. "The Influence of Institutional Investors' Position on Stock Momentum Phenomenon." Highlights in Business, Economics and Management 17 (August 31, 2023): 260–70. http://dx.doi.org/10.54097/hbem.v17i.11296.

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Momentum phenomenon is one of the most classic anomalies in the field of securities investment. This paper investigates the influence of institutional investors' opening behavior on stock return momentum phenomenon by using the annual investor shareholding data publicly disclosed by listed companies. The findings are as follows: First, there is a positive correlation between institutional investors' opening behavior and stock excess return in one year; Second, if there is an obvious momentum phenomenon in the stock return in the first two years, then the stock return in the next year still dep

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Bilal, Muhammad, and Tayyaba Noor Asghar. "The Complex Corporate Governance Landscape in the EU: Examining Institutional Investor Activism and Its Ongoing Challenges." Journal of Law & Social Studies 5, no. 1 (2023): 108–17. https://doi.org/10.52279/jlss.05.01.01.108117.

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Institutional investor activism has become an increasingly important part of the corporate governance landscape in the European Union (EU). This research article examines the challenges and opportunities associated with institutional investor activism in the EU, particularly in the context of corporate governance. It provides an overview of the current state of institutional investor activism in the EU, including the types of issues that investors are focusing on and the methods that they are using to influence companies. The challenges that institutional investors face in pursuing their goals

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Marietza, Fenny, and Indah Oktari Wijayanti. "PENGARUH PANDANGAN INVESTASI INVESTOR INSTITUSIONAL TERHADAP KREDIT RATING PERUSAHAAN." Nominal: Barometer Riset Akuntansi dan Manajemen 10, no. 2 (2021): 293–303. http://dx.doi.org/10.21831/nominal.v10i2.30256.

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Abstrak: Pengaruh Pandangan Investasi Investor Institusional Terhadap Kredit Rating Perusahaan. Penelitian ini bertujuan untuk mengetahui seberapa besar peran investor institusi terhadap kenaikan atau penurunan rating kredit di Indonesia. Objek penelitian ini adalah perusahaan yang terdaftar di Bursa Efek Indonesia dari tahun 2017-2018. Pemilihan sampel dalam penelitian ini menggunakan metode purposive sampling. Berdasarkan hasil penelitian dengan menggunakan bantuan software SPSS dapat diambil kesimpulan sebagai berikut: pandangan investor terhadap kredit rating perusahaan secara signifikan t

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17

Cui, Ziyi. "Heterogeneous Institutional Investor Attention and Corporate Tax Avoidance Behavior." Frontiers in Management Science 3, no. 2 (2024): 77–91. http://dx.doi.org/10.56397/fms.2024.04.09.

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This paper selects A-share listed company stocks in China between 2009 and 2021 as the research object, and from the perspective of investment portfolio, empirically investigates the impact of two types of institutional investor (pressure-resistant and pressure-sensitive) attention on corporate tax avoidance behavior. It is found that institutional investors’ willingness to participate in corporate governance is jointly influenced by their own nature and their investment portfolio. Pressure-resistant monitoring institutional investors can effectively inhibit corporate tax avoidance behavior an

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18

Dou, Zhenjiang, Lei Wei, and Jingyi Wang. "Institutional Investor, Economic Policy Uncertainty, and Innovation Investment: Evidence from China." E+M Ekonomie a Management 24, no. 1 (2021): 4–20. http://dx.doi.org/10.15240/tul/001/2021-1-001.

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As a participator in corporate investment decision-making, the institutional investor is directly related to the corporate innovation investment. However, the economic policy uncertainty is aggravated by problems, such as economic slump and trade friction. Thus, institutional investors are not optimistic about the prospects of innovation investment. To explore the influence of institutional investors on corporate innovation investment from the perspective of economic policy uncertainty, using the 2010–2018 panel data in China and the fixed effect model, the influences of institutional investor

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Voskanian, R. O. "Economic Essence of Institutional Investors." Vestnik of the Plekhanov Russian University of Economics, no. 5 (October 2, 2024): 122–29. http://dx.doi.org/10.21686/2413-2829-2024-5-122-129.

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The article investigates the economic essence of institutional investors in 2 aspects: distinction from individual investors and impact on finance stability. Within the frames of the 1st aspect arguments are provided to prove the fact that the key difference between institutional investors and individual ones is the recipient of investment returns. To study the 2nd aspect Russian and overseas academic literature is analyzed, as well as acute statistics that help classify institutional investors by three categories: proportion of the share capital, investment horizon and source of capital build

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20

Qian, Rui. "Institutional Investors: A Literature Review." SHS Web of Conferences 169 (2023): 01066. http://dx.doi.org/10.1051/shsconf/202316901066.

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We survey the related theories and burgeoning literature on the consequences of institutional investors’ holdings and shareholder activism campaigns. Agency theory, monitoring theory, and limited attention theory are widely used in institutional investors studies. About the economic consequences of institutional investors’ holdings, we summarize that institutional holdings could improve corporate disclosure quality and frequency, for both mandatory and voluntary information disclosure. Additionally, higher ownership concentration of institutional investors is related to higher performance sens

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TAN, Petrina Tjin Yi. "Institutional Investor Stewardship in the UK and Malaysia: Functionally Similar, Contextually Challenged." Asian Journal of Comparative Law 14, no. 2 (2019): 279–304. http://dx.doi.org/10.1017/asjcl.2019.31.

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AbstractInstitutional investors are acknowledged as an influential force in markets worldwide. As a result of increased focus on the impact from the investing and shareholding practices of institutional investors, stewardship codes were first introduced in the UK, followed by Malaysia. This article evaluates the theory and practice of institutional investor stewardship in Malaysia through functional and contextual lenses, as juxtaposed against the more established position of stewardship in the UK. Notwithstanding an analogous legal framework for shareholder rights and the textual similarities

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Blouin, Jennifer L., Brian J. Bushee, and Stephanie A. Sikes. "Measuring Tax-Sensitive Institutional Investor Ownership." Accounting Review 92, no. 6 (2017): 49–76. http://dx.doi.org/10.2308/accr-51719.

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ABSTRACT We classify all institutional investors that file Form 13-F over the period 1995–2013 as either “tax-sensitive” or “tax-insensitive” based on their trading behavior and portfolio characteristics. We examine tests of the effects of investor tax-sensitivity on portfolio rebalancing, price pressure, and fund performance, and compare our measure of tax-sensitive institutional investor ownership to three measures used in prior studies. We show that our measure of tax-sensitive investors dominates other measures in the portfolio rebalancing and price pressure tests. In the fund performance

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Ming, Tee Chwee, Yee-Boon Foo, Ferdinand A. Gul, and Abdul Majid. "Institutional Investors and CEO Pay Performance in Malaysian Firms." Journal of International Accounting Research 17, no. 1 (2018): 87–102. http://dx.doi.org/10.2308/jiar-51989.

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ABSTRACT This study uses Malaysian data to examine whether institutional investors affect the association between firm performance and CEO compensation. Overall, we find that total institutional investor ownership has a negative effect on the positive association between firm performance and CEO compensation, which suggests ineffective monitoring. When the institutional investors are categorized into local and foreign, we find that the negative effect is driven by local institutional ownership, consistent with the argument that foreign institutional investors are associated with better monitor

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Li, Pengchong, Zixuan Chen, and Xiang Li. "A Study of Institutional Investors' Shareholding and Corporate Risk-Taking." Highlights in Business, Economics and Management 5 (February 16, 2023): 431–38. http://dx.doi.org/10.54097/hbem.v5i.5119.

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This paper analyzes the relationship and impact of stress-resistant institutional investors and stress-sensitive institutional investors on institutional investors' shareholding on corporate risk-taking, using a sample of A-share listed companies in Shanghai and Shenzhen from 2011 to 2020. It was found that (1) the shareholding ratio of stress-resistant institutional investors was negatively related to the level of corporate risk-taking; (2) while the shareholding ratio of stress-sensitive institutional investors was not significantly related to the level of corporate risk-taking. Studying the

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Tsang, Albert, Fei Xie, and Xiangang Xin. "Foreign Institutional Investors and Corporate Voluntary Disclosure Around the World." Accounting Review 94, no. 5 (2019): 319–48. http://dx.doi.org/10.2308/accr-52353.

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ABSTRACT We examine the impact of foreign institutional investors on firms' voluntary disclosure practices measured by management forecasts. In a sample of 32 non-U.S. countries, we find that, on average, foreign institutional investments lead to improved voluntary disclosure, and their impact is larger than that of domestic institutional investors. These results are more pronounced when foreign institutional investors (1) are unfamiliar with the firm's home country, (2) have longer investment horizons, and (3) are from countries with stronger investor protection and disclosure requirements th

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Akron, Sagi, and Taufique Samdani. "Investor protection and institutional investors’ incentive for information production." Journal of Financial Stability 30 (June 2017): 1–15. http://dx.doi.org/10.1016/j.jfs.2017.03.001.

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Ahmed, Walid M. A. "The trading patterns and performance of individual vis-à-vis institutional investors in the Qatar Exchange." Review of Accounting and Finance 13, no. 1 (2014): 24–42. http://dx.doi.org/10.1108/raf-09-2012-0089.

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Purpose – The main thrust of the present study is to look into the trading patterns of behavior and investment performance exhibited by individual and institutional investor categories in the Qatar Exchange (QE). The paper aims to discuss these issues. Design/methodology/approach – The present study uses daily aggregated investment flows made separately by each investor group, as well as daily closing price observations of the QE stock composite index. The trading patterns of investor categories are examined by estimating a bivariate vector autoregressive process of order p, VAR (p). To determ

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Meng, Yun, and Xiaoqiong Wang. "Do institutional investors have homogeneous influence on corporate social responsibility? Evidence from investor investment horizon." Managerial Finance 46, no. 3 (2019): 301–22. http://dx.doi.org/10.1108/mf-03-2019-0121.

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Purpose The purpose of this paper is to investigate the relation between the investment horizon of institutional investors and corporate social responsibility (CSR). Design/methodology/approach Utilizing unique datasets on CSR and the investor horizon measures (Gaspar et al., 2005), the authors categorize institutional investors into long-term and short-term investors. This method captures the heterogeneity of investors. Findings The authors show that long-term institutional investors promote CSR engagement, while short-term investors discourage it. The authors further document that shareholde

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Park, Sorah. "Differential Effect Of The Sarbanes-Oxley Act On Individual And Institutional Investors." Journal of Applied Business Research (JABR) 32, no. 2 (2016): 517. http://dx.doi.org/10.19030/jabr.v32i2.9593.

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This study investigates the differential effect of the Sarbanes-Oxley Act of 2002 (“SOX”) on unsophisticated individual investors and sophisticated institutional investors. I examine the relationship between abnormal stock returns around quarterly earnings announcements before and after SOX and investor sophistication. Empirical test results show that SOX positively affected stock returns reaction around the quarterly earnings announcement, consistent with prior literature. However, the increased stock returns reaction in the post-SOX period appears to be unrelated to individual investors. I f

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Chandy, Jacob. "Index Returns and Institutional Trading." Shanlax International Journal of Management 9, S1-Feb (2022): 218–25. http://dx.doi.org/10.34293/management.v9is1.4863.

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It is acknowledged that only 2% of the Indian public invest in stock markets. This compares with 55% in the USA and about 25% in the EU. The Indian public is therefore a miniscule proportion of investors and the power of the Indian public to move markets is negligible.This means that most trading activity in Indian stock markets are by institutional investors consisting of Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs). It seems reasonable to hypothesize that their trading activities influence market returns. This paper aims to verify whether this hypothesis

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Yu, Qitong, Shaoyang Fang, and Jianjun Wang. "A Study on the Influence of Institutional Investor Heterogeneity on the Executive Pay Stickiness——Based on the Perspective of Industrial Factor Intensity." International Journal of Economics and Finance 10, no. 9 (2018): 168. http://dx.doi.org/10.5539/ijef.v10n9p168.

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Based on the data of Shanghai and Shenzhen A-share listed companies from 2012-2016, this paper empirically studies the influence of heterogeneous institutional investors on executive compensation stickiness of listed companies by using the method of multiple regression. The results show that the pay stickiness is very common in the listed companies. The overall institutional investor’s shareholding is promoting the executive compensation stickiness. The empirical results show that the institutional investors are divided into the pressure resistance institutional investors and the pressure sens

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Wang, Xiaoqiong, and Siqi Wei. "The monitoring role of institutional investors." Studies in Economics and Finance 36, no. 4 (2019): 517–46. http://dx.doi.org/10.1108/sef-11-2017-0309.

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Purpose This paper aims to examine the monitoring role of institutional investors in corporate decision-making by classifying financial institutions based on geographical proximity and investment horizon from 1980 to 2014. Design/methodology/approach By using unique data sets on firm and institution location and investor horizon measure (Gaspar et al., 2005), the authors categorize institutional investors into six proximity-horizon classifications. This method captures the heterogeneity of investors. The corporate decisions assessed include firm investment, financing, payout policy, misbehavio

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Gao, Bin, Huanhuan Hao, and Jun Xie. "Does retail investors beat institutional investors?——Explanation of game stop’s stock price anomalies." PLOS ONE 17, no. 10 (2022): e0268387. http://dx.doi.org/10.1371/journal.pone.0268387.

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This paper studies the relation of information cost, retail investor sentiment and asset pricing. Our motivation to study this model is to learn why retail investors could move asset price away from fundamental values. In the model, the institutional investors are pessimistic and the retail investors are optimistic, the ratio of the expected utility of informed and rational but uninformed institutional investors increases first and then decreases as the cost of information increases. In addition, a large number of retail investors promoted substantial increases in stock prices. This model prov

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Liao, Jia, Yun Zhan, and Yu Yuan. "Institutional investors’ site visits and investment-cash flow sensitivity: Mitigating financing constraints or inhibiting agent conflicts?" PLOS ONE 19, no. 3 (2024): e0300332. http://dx.doi.org/10.1371/journal.pone.0300332.

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Taking Chinese non-financial A-share companies listed on the Shenzhen Stock Exchange (SZSE) between 2003 and 2018 as a sample, this paper empirically examines whether and how institutional investors’ site visits (SVs) affect corporate investment-cash flow sensitivity (ICFS). The results show that institutional investors’ SVs can reduce ICFS, and this effect is more obvious for companies with fewer investment opportunities, larger sizes, higher internal cash flows, and higher agency costs, indicating that institutional investors’ SVs primarily inhibit ICFS caused by agency conflicts rather than

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Li, Yuedong, Xianbing Liu, and Qing Yan. "Is institutional investor a supervisor or cooperator?" Nankai Business Review International 9, no. 1 (2018): 2–18. http://dx.doi.org/10.1108/nbri-02-2017-0007.

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Purpose The purpose of this paper is to discuss whether top management will assume their liabilities especially when financial restatement occurs, and,based on the “effective supervision theory” and “strategic cooperation theory,” to examine whether an institutional investor is a supervisor or a cooperator considering the management turnover caused by financial restatement in the companies. Design/methodology/approach Using a sample of the A-share-listed companies from year 2010 to year 2014 and dividing financial restatement into fraudulent financial restatement and other financial restatemen

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Jacob, Chacko, and Jijo Lukose P.J. "Institutional Ownership and Dividend Payout in Emerging Markets: Evidence from India." Journal of Emerging Market Finance 17, no. 1_suppl (2018): S54—S82. http://dx.doi.org/10.1177/0972652717751538.

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We examine the relationship between institutional investor ownership and dividend payouts using a large sample of NSE-listed non-financial firms during the period 2001 to 2016. Consistent with the evidence from the US market, institutional investors, on average, have larger holdings in dividend-paying firms and are seen to prefer dividend payers over non-payers among larger firms. However, among smaller firms, institutional investors seem to prefer non-paying firms. Consistent with it, logistic regression results reveal that institutional investors do improve a firms’ propensity to pay dividen

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Ringe, Wolf-Georg. "Investor Empowerment for Sustainability." Review of Economics 74, no. 1 (2023): 21–52. http://dx.doi.org/10.1515/roe-2023-0016.

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Abstract The transition to a sustainable economy currently involves a fundamental transformation of markets and market actors. This paper makes the case for investor empowerment as the main tool towards achieving greater sustainability in capital markets. This trust in institutional investors is grounded in various recent developments both on the supply side and the demand side of financial markets, and also in the increasing tendency of institutional investors to engage in common ownership. The need to build coalitions among different types of asset managers or institutional investors, and to

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Farhan, Muhamad, and Sung Suk Kim. "Pengaruh Kepemilikan Investor Institusi Asing Terhadap Volatilitas Harga Saham di Indeks Kompas100." Owner 7, no. 2 (2023): 1382–90. http://dx.doi.org/10.33395/owner.v7i2.1403.

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This journal investigates the effect of foreign institutional investor ownership on share price volatility with a sample of 207 companies between 2008 and 2021 that are included in the Kompas100 Index. The empirical results of this study indicate that foreign institutional investor ownership reduces share price volatility in Indonesia with control variables: market capitalization, turnover, leverage, and market to book. In addition, we also document the results of research that the greater the market capitalization of a company, the lower the volatility of its share price and foreign investors

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Bertolotti, Andre. "ESG and Institutional Investors." CFA Institute Magazine 21, no. 3 (2010): 14–15. http://dx.doi.org/10.2469/cfm.v21.n3.4.

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Pound, John, and Robert J. Shiller. "Are institutional investors speculators?" Journal of Portfolio Management 13, no. 3 (1987): 46.1–52. http://dx.doi.org/10.3905/jpm.1987.13.3.46.

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Pound, John, and Robert J. Shiller. "Are Institutional Investors Speculators?" Journal of Portfolio Management 13, no. 3 (1987): 46.2–52. http://dx.doi.org/10.3905/jpm.1987.46.

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Kling, Gerhard, and Lei Gao. "Chinese institutional investors’ sentiment." Journal of International Financial Markets, Institutions and Money 18, no. 4 (2008): 374–87. http://dx.doi.org/10.1016/j.intfin.2007.04.002.

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Kang, Grace Il Joo, Yong Keun Yoo, and Seung Min Cha. "How Do Institutional Investors Interact With Sell-Side Analysts?" Journal of Applied Business Research (JABR) 34, no. 3 (2018): 455–70. http://dx.doi.org/10.19030/jabr.v34i3.10169.

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This paper examines how institutional investors interact with sell-side analysts (hereafter, SSAs) in Korean stock market. In particular, we examine the role of institutional investors as a more sophisticated mechanism which incorporates sell-side analysts’ stock recommendation, target price, and earnings forecast more rapidly than individual investors do. Moreover, we examine whether institutional investors differentiate the quality of sell-side analysts’ information. By using a sample of 1,421 firm-year observations in Korean stock market during 2001–2011, we find that the change of institut

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Clark, Gordon L., Sarah McGill, Yukie Saito, and Michael Viehs. "Institutional shareholder engagement with Japanese firms." Annals in Social Responsibility 1, no. 1 (2015): 30–56. http://dx.doi.org/10.1108/asr-12-2014-0003.

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Purpose – The purpose of this paper is to explore how shareholder engagement on environmental, social, and governance (ESG) issues is informally exercised by a large global institutional investor with locally embedded, geographically remote firms. This field is still a new area of research due to a scarcity of data, and because ordinarily, private engagement activities are conducted confidentially. Therefore, the paper aims to fill this gap in the literature by studying the private corporate engagement activities of a large UK-based institutional investor on ESG issues with Japanese investee f

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Yaojing, Yang, Nor Farradila Abdul Aziz, and Maryam Jameelah Mohd Hashim. "Influence of Corporate Information Transparency on Foreign Institutional Investors' Shareholding Behavior: Evidence from Public Listed Companies in China." Information Management and Business Review 16, no. 3S(I)a (2024): 939–53. http://dx.doi.org/10.22610/imbr.v16i3s(i)a.4181.

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In 2003, China implemented the Qualified Foreign Institutional Investor (QFII) system, which has garnered considerable interest from international institutional investors in the mainland market. As global investors, QFIIs depend significantly on precise, thorough information to bolster their investing criteria. Consequently, the transparency of corporate information becomes a crucial factor for QFIIs. However, due to the relatively late development of the Chinese market, an imbalanced structure of listed companies and information asymmetry, the information disclosure of listed companies has be

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Lin, Yuchen, Yangbo Song, and Jinsong Tan. "The governance role of institutional investors in information disclosure." Nankai Business Review International 8, no. 3 (2017): 304–23. http://dx.doi.org/10.1108/nbri-01-2017-0005.

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Purpose As an important participant in capital market, institutional investors play a principal role in improving corporate governance. Most existing studies have focused on institutional ownership and its economic consequences. Nevertheless, they have not provided sufficient insight on the governance behavior of institutional investors as well as the underlying incentive mechanism. This paper aims to analyze the governance role of institutional investors in information disclosure and provide related evidence. Design/methodology/approach The authors propose a novel theory to analyze the instit

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Yahaya, Onipe Adabenege. "The Role of Institutional Investors in the Nexus Between Sustainability Disclosure and Firm Performance." Journal of Finance & Applied Economics 15, no. 9 (2025): 31–66. https://doi.org/10.5281/zenodo.14995358.

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The increasing demand for corporate sustainability disclosure has raised concerns about its impact on firm performance, yet the role of institutional investors in this relationship remains underexplored. This study examines the mediating role of institutional investors in the nexus between sustainability disclosure and firm performance, addressing the gap in existing literature on how investor dynamics influence corporate sustainability strategies. The study employs a panel dataset of 152 publicly listed firms over ten years, applying the fixed effects model (FEM) and random effects model (REM

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Chen, Ching-Lung, and Chung-Yu Chen. "Do Weak Internal Controls Affect Institutional Ownership Decisions?" Review of Pacific Basin Financial Markets and Policies 21, no. 03 (2018): 1850019. http://dx.doi.org/10.1142/s0219091518500194.

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Weak internal controls should increase risk perception among various contracting parties, e.g., institutional investors. This study examines whether the penalty firms pay for weak internal controls is associated with ownership decisions made by institutional investors in Taiwan and whether such decisions differ from those made by qualified foreign institutional investors (denoted as QFIIs) and local institutional investors. Empirical results indicate that weak internal controls are negatively associated with changes to institutional investor ownership, particularly for QFIIs. Further evidence

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Woo, Mincheol, and Meong Ae Kim. "The Impact of Investor Type on Short Selling Performance: An Analysis of Individual Investors." Korean Journal of Financial Studies 52, no. 1 (2023): 109–37. http://dx.doi.org/10.26845/kjfs.2023.2.52.1.109.

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Focusing on individual investors’ transactions, we investigated the features and performance of short selling exclusively executed by each investor type. The empirical results are as follows. First, individual investors are more active in exclusive trading than are other investor types, which is distinctive in the KOSDAQ (Korea Securities and Dealers Automated Quotations) market. Second, exclusive trading by individual investors showed losses in most periods after the trading date, regardless of the short selling weight. Exclusive trading by other types of investors showed profits in the group

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Chrzan, Sandra, and Christiane Pott. "The steering effect of the EU taxonomy: Evidence from German institutional and retail investors." Review of Financial Economics 42, no. 4 (2024): 349–75. http://dx.doi.org/10.1002/rfe.1213.

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AbstractThe EU taxonomy, introduced in 2022, is a comprehensive classification system categorizing environmentally sustainable economic activities. This study examines the impact of incorporating EU taxonomy data into corporate environmental disclosure on investor judgments. Through five experimental cases involving standard environmental disclosure and additional moderate/positive/negative taxonomy‐aligned information, we assessed institutional and retail investor evaluations. Results reveal that taxonomy inclusion significantly influences investor judgments, particularly among institutional

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