메뉴 건너뛰기




Volumn 38, Issue 2, 2003, Pages 317-336

Does coordinated institutional investor activism reverse the fortunes of underperforming firms?

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0038464590     PISSN: 00221090     EISSN: None     Source Type: Journal    
DOI: 10.2307/4126753     Document Type: Review
Times cited : (45)

References (23)
  • 1
    • 0031097135 scopus 로고    scopus 로고
    • Detecting long-run abnormal stock returns: The empirical power and specification of test statistics
    • Barber, B. M., and J. D. Lyon. "Detecting Long-Run Abnormal Stock Returns: The Empirical Power and Specification of Test Statistics." Journal of Financial Economics, 43 (1997), 341-372.
    • (1997) Journal of Financial Economics , vol.43 , pp. 341-372
    • Barber, B.M.1    Lyon, J.D.2
  • 2
    • 0000375782 scopus 로고
    • The hidden costs of stock market liquidity
    • Bhide, A. "The Hidden Costs of Stock Market Liquidity." Journal of Financial Economics, 34 (1993), 31-51.
    • (1993) Journal of Financial Economics , vol.34 , pp. 31-51
    • Bhide, A.1
  • 3
    • 0003087504 scopus 로고    scopus 로고
    • Shareholder activism and corporate governance in the United States
    • P. Newman, ed. London: MacMillan
    • Black, B. S. "Shareholder Activism and Corporate Governance in the United States." In The New Palgrave Dictionary of Economics and the Law, P. Newman, ed. London: MacMillan (1998).
    • (1998) The New Palgrave Dictionary of Economics and the Law
    • Black, B.S.1
  • 4
    • 84977723968 scopus 로고
    • Common stock offerings and earnings expectations: A test of the release of unfavorable information
    • Brous, P. A. "Common Stock Offerings and Earnings Expectations: A Test of the Release of Unfavorable Information." Journal of Finance, 47 (1992), 1517-1536.
    • (1992) Journal of Finance , vol.47 , pp. 1517-1536
    • Brous, P.A.1
  • 5
    • 0039658576 scopus 로고    scopus 로고
    • The influence of institutions on corporate governance through private negotiations: Evidence from TIAA-CREF
    • Carleton, W. T.; J. M. Nelson; and M. S. Weisbach. "The Influence of Institutions on Corporate Governance through Private Negotiations: Evidence from TIAA-CREF." Journal of Finance, 53 (1998), 1335-1362.
    • (1998) Journal of Finance , vol.53 , pp. 1335-1362
    • Carleton, W.T.1    Nelson2    , J.M.3    Weisbach, M.S.4
  • 6
    • 38249033644 scopus 로고
    • On cross-sectional analysis in accounting research
    • Christie, A. "On Cross-Sectional Analysis in Accounting Research." Journal of Accounting and Economics, 9 (1987), 231-258.
    • (1987) Journal of Accounting and Economics , vol.9 , pp. 231-258
    • Christie, A.1
  • 7
    • 0042377866 scopus 로고    scopus 로고
    • The motivation and impact of pension fund activism
    • Del Guercio, D., and J. Hawkins. "The Motivation and Impact of Pension Fund Activism." Journal of Financial Economics, 52 (1999), 293-340.
    • (1999) Journal of Financial Economics , vol.52 , pp. 293-340
    • Del Guercio, D.1    Hawkins, J.2
  • 8
    • 0346207692 scopus 로고    scopus 로고
    • Market efficiency, long-term returns, and behavioral finance
    • Fama, E. F. "Market Efficiency, Long-Term Returns, and Behavioral Finance." Journal of Financial Economics, 49 (1998), 283-306.
    • (1998) Journal of Financial Economics , vol.49 , pp. 283-306
    • Fama, E.F.1
  • 10
    • 0000353081 scopus 로고    scopus 로고
    • Corporate governance proposals and shareholder activism: The role of institutional investors
    • Gillan, S. L., and L. T. Starks. "Corporate Governance Proposals and Shareholder Activism: the Role of Institutional Investors." Journal of Financial Economics, 57 (2000), 275-305.
    • (2000) Journal of Financial Economics , vol.57 , pp. 275-305
    • Gillan, S.L.1    Starks, L.T.2
  • 12
    • 0000741932 scopus 로고
    • Momentum investment strategies, portfolio performance, and herding: A study of mutual fund behavior
    • Grinblatt, M.; S. Titman; and R. Wermers. "Momentum Investment Strategies, Portfolio Performance, and Herding: A Study of Mutual Fund Behavior." American Economic Review, 85 (1995), 1088-1105.
    • (1995) American Economic Review , vol.85 , pp. 1088-1105
    • Grinblatt, M.1    Titman2    , S.3    Wermers, R.4
  • 13
    • 84993907227 scopus 로고
    • Returns to buying winners and selling losers: Implications for stock market efficiency
    • Jegadeesh, N., and S. Titman. "Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency." Journal of Finance, 48 (1993), 65-91.
    • (1993) Journal of Finance , vol.48 , pp. 65-91
    • Jegadeesh, N.1    Titman, S.2
  • 14
    • 84993848601 scopus 로고
    • The modern industrial revolution, exit, and the failure of internal control systems
    • Jensen, M. C. "The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems." Journal of Finance, 48 (1993), 831-880.
    • (1993) Journal of Finance , vol.48 , pp. 831-880
    • Jensen, M.C.1
  • 15
    • 34249721717 scopus 로고    scopus 로고
    • The impact of shareholder activism on target companies: A survey of empirical findings
    • Univ. of Washington
    • Karpoff, J. M. "The Impact of Shareholder Activism on Target Companies: A Survey of Empirical Findings." Working Paper, Univ. of Washington (1998).
    • (1998) Working Paper
    • Karpoff, J.M.1
  • 16
    • 0030295681 scopus 로고    scopus 로고
    • Corporate governance and shareholder initiatives: Empirical evidence
    • Karpoff, J. M.; P. H. Malatesta; and R. A. Walkling. "Corporate Governance and Shareholder Initiatives: Empirical Evidence." Journal of Financial Economics, 42 (1996), 365-395.
    • (1996) Journal of Financial Economics , vol.42 , pp. 365-395
    • Karpoff, J.M.1    Malatesta2    , P.H.3    Walkling, R.A.4
  • 17
    • 0031097376 scopus 로고    scopus 로고
    • Measuring long-horizon security price performance
    • Kothari, S. P., and J. B. Warner. "Measuring Long-Horizon Security Price Performance." Journal of Financial Economics, 43 (1997), 301-339.
    • (1997) Journal of Financial Economics , vol.43 , pp. 301-339
    • Kothari, S.P.1    Warner, J.B.2
  • 18
    • 0004000308 scopus 로고    scopus 로고
    • Does coordinated institutional shareholder activism work? An analysis of the activities of the council of institutional investors
    • Ohio State Univ.
    • Opler, T. C., and J. Sokobin. "Does Coordinated Institutional Shareholder Activism Work? An Analysis of the Activities of the Council of Institutional Investors." Working Paper, Ohio State Univ. (2000).
    • (2000) Working Paper
    • Opler, T.C.1    Sokobin, J.2
  • 19
    • 0002158052 scopus 로고
    • Mean reversion in stock prices: Evidence and implications
    • Poterba, J. M., and L. H. Summers. "Mean Reversion in Stock Prices: Evidence and Implications." Journal of Financial Economics, 22 (1988), 27-59.
    • (1988) Journal of Financial Economics , vol.22 , pp. 27-59
    • Poterba, J.M.1    Summers, L.H.2
  • 20
    • 0039120739 scopus 로고    scopus 로고
    • Shareholder activism by institutional investors: Evidence from CalPERS
    • Smith, M. P. "Shareholder Activism by Institutional Investors: Evidence from CalPERS." Journal of Finance, 51 (1996), 227-252.
    • (1996) Journal of Finance , vol.51 , pp. 227-252
    • Smith, M.P.1
  • 21
    • 58149364936 scopus 로고
    • Underperformance in long-run stock returns following seasoned equity offerings
    • Spiess, K. D., and J. Affleck-Graves. "Underperformance in Long-Run Stock Returns following Seasoned Equity Offerings." Journal of Financial Economics, 38 (1995), 243-267.
    • (1995) Journal of Financial Economics , vol.38 , pp. 243-267
    • Spiess, K.D.1    Affleck-Graves, J.2
  • 22
    • 0038578466 scopus 로고    scopus 로고
    • On the effectiveness of pension fund activism
    • Univ. of California, Los Angeles
    • Tsui, R. "On the Effectiveness of Pension Fund Activism." Working Paper, Univ. of California, Los Angeles (2001).
    • (2001) Working Paper
    • Tsui, R.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.