The impact of institutional investors on firms’ performance in the context of financialization

Show simple item record

dc.contributor.author Alexiou, Constantinos
dc.contributor.author Mohamed, Abdulkadir
dc.contributor.author Nellis, Joe
dc.date.accessioned 2020-01-21T09:58:46Z
dc.date.available 2020-01-21T09:58:46Z
dc.date.issued 2019-11-04
dc.identifier.citation Alexiou C, Mohamed A, Nellis J. (2019) The impact of institutional investors on firms’ performance in the context of financialization, International Journal of Finance and Economics, Available online 4 November 2019. en_UK
dc.identifier.issn 1076-9307
dc.identifier.uri https://doi.org/10.1002/ijfe.1790
dc.identifier.uri http://dspace.lib.cranfield.ac.uk/handle/1826/14968
dc.description.abstract This paper investigates the impact of U.K. institutional holdings on the financialization process. Using panel data analysis, we find that their holdings have a positive impact on the financialization. Investigating the source of this impact, we find that their portfolio companies outperform their peers matched by industry and size. Together, these findings suggest that institutional investors add value to the capital market and play an instrumental role in shaping the financialization process. Granger's causality test reveals that institutional holdings Granger cause financialization process, and the relationship is one‐way direction. en_UK
dc.language.iso en en_UK
dc.publisher Wiley en_UK
dc.rights Attribution-NonCommercial 4.0 International *
dc.rights.uri http://creativecommons.org/licenses/by-nc/4.0/ *
dc.subject Financialization en_UK
dc.subject Institutional investors en_UK
dc.subject Firms’ performance en_UK
dc.title The impact of institutional investors on firms’ performance in the context of financialization en_UK
dc.type Article en_UK


Files in this item

The following license files are associated with this item:

This item appears in the following Collection(s)

Show simple item record

Attribution-NonCommercial 4.0 International Except where otherwise noted, this item's license is described as Attribution-NonCommercial 4.0 International

Search CERES


Browse

My Account

Statistics