The social cost of investor distraction: evidence from institutional cross-blockholding

Institutional investors routinely hold blocks of stocks in multiple firms within an industry. While such cross-blockholding boosts a portfolio firm's financial performance, could it distract investors from attending to firm activities in a nonfinancial domain, hurting its performance in that do...

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Bibliographic Details
Main Authors: Astvansh, Vivek, Chen, Tao, Qu, Jimmy Chengyuan
Other Authors: Nanyang Business School
Format: Article
Language:English
Published: 2024
Subjects:
Online Access:https://hdl.handle.net/10356/173741
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Institution: Nanyang Technological University
Language: English