Smart Investors or Myopic Traders? Governance Role of Institutional Investors at a M&A Wave

Corporate governance scholars have emphasized monitoring by institutional investors as a primary mechanism for resolving agency problems. However, the shareholders of acquiring firms experienced substantial wealth destruction during the M&A wave in the late 1990s in spite of increasing instituti...

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Bibliographic Details
Main Author: KIM, Changhyun
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2014
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research_smu/215
https://doi.org/10.5465/ambpp.2014.14500abstract
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Institution: Singapore Management University
Language: English