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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Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
2024
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Subjects: | |
Online Access: | https://hdl.handle.net/10356/173741 |
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Institution: | Nanyang Technological University |
Language: | English |