Do institutional blockholders influence corporate investment? Evidence from emerging markets

This paper examines the relation between firm investment ratios and institutional blockholder ownership for a sample of 6,300 publicly traded firms of 16 large emerging markets for the 2005-2014 period. Results show that independent, long-term, and local institutional investors boost investment rati...

Full description

Autores:

Alvarez, Roberto
Jara, Mauricio
Pombo Vejarano, Carlos

Tipo de recurso:

Work document

Fecha de publicación:

2017

Institución:

Universidad de los Andes

Repositorio:

Séneca: repositorio Uniandes

Idioma:

eng

OAI Identifier:

oai:repositorio.uniandes.edu.co:1992/8748

Acceso en línea:

http://hdl.handle.net/1992/8748

Palabra clave:

Institutional investors
Corporate investment
Financial constraints
Corporate governance
Emerging markets
Inversiones institucionales
Mercado de capitales
Mercados emergentes
Gobierno corporativo
C20, G00, G20, G30

Rights

openAccess

License

http://creativecommons.org/licenses/by-nc-nd/4.0/