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

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dc.contributor.authorAlexiou, Constantinos
dc.contributor.authorMohamed, Abdulkadir
dc.contributor.authorNellis, Joseph G.
dc.date.accessioned2020-01-21T09:58:46Z
dc.date.available2020-01-21T09:58:46Z
dc.date.issued2019-11-04
dc.description.abstractThis 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.identifier.citationAlexiou C, Mohamed A, Nellis J. (2021) The impact of institutional investors on firms’ performance in the context of financialization. International Journal of Finance and Economics, Volume 26, Issue 1, January 2021, pp. 290-309en_UK
dc.identifier.issn1076-9307
dc.identifier.urihttps://doi.org/10.1002/ijfe.1790
dc.identifier.urihttp://dspace.lib.cranfield.ac.uk/handle/1826/14968
dc.language.isoenen_UK
dc.publisherWileyen_UK
dc.rightsAttribution-NonCommercial 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/*
dc.subjectFinancializationen_UK
dc.subjectInstitutional investorsen_UK
dc.subjectFirms’ performanceen_UK
dc.titleThe impact of institutional investors on firms’ performance in the context of financializationen_UK
dc.typeArticleen_UK

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