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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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2019
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| Subjects: | |
| 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 |