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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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2014
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| 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 |