Long-term index fund ownership and stock returns

Long-term index fund ownership and stock returns

We examine the implications of stock ownership by index funds for shareholder value. Consistent with recent findings that stock ownership by passive funds contributes to improved governance, we document a strong positive relation between the duration of passive fund holdings and subsequent stock per...

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Bibliographic Details
Main Authors: BOEHMER, Ekkehart, SONG, Wanshan, TIWARI, Ashish, ZHANG, Zhe
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2019
Subjects:
Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6214
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7213/viewcontent/Long_term_Index_Fund_Ownership_and_Stock_Returns__19.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/6214
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7213/viewcontent/Long_term_Index_Fund_Ownership_and_Stock_Returns__19.pdf

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