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

• المؤلفون الرئيسيون: Astvansh, Vivek, Chen, Tao, Qu, Jimmy Chengyuan
• مؤلفون آخرون: Nanyang Business School
• التنسيق: مقال
• اللغة: English
• منشور في: 2024
• الموضوعات: Business and Management; Health facilities; Industry
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/173741
• المؤسسة: Nanyang Technological University

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...