Endre søk
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf
Institutional ownership and returns on investment
Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO). The Ratio Institute, Stockholm, Sweden .ORCID-id: 0000-0002-0519-2617
Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO). Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Centre of Excellence for Science and Innovation Studies (CESIS). Swedish Entrepreneurship Forum, Stockholm, Sweden .
The Swedish Federation of Business Owners, Stockholm, Sweden .
2016 (engelsk)Inngår i: Corporate Ownership & Control, ISSN 1727-9232, E-ISSN 1810-3057, Vol. 13, nr 4Cont3, s. 419-430Artikkel i tidsskrift (Fagfellevurdert) Published
Abstract [en]

This paper examines how institutional investors influence investment decisions and returns on investment. To measure investment performance, we use marginal q, which measures the ratio of the return on investment to the cost of capital. Institutional owners are found to have a positive but marginally diminishing effect on performance. Our paper uses longitudinal data on Swedish firms from 1999 to 2005; during this period, the ownership structure of Swedish firms underwent dramatic changes as institutional investors increased their ownership shares, while ownership by Swedish households decreased. However, controlling owners - who were often founding families - maintained their control of firms by resorting to extensive use of dual-class shares. This was an important determinant of firm performance that eradicated the positive influence of institutional ownership.

sted, utgiver, år, opplag, sider
2016. Vol. 13, nr 4Cont3, s. 419-430
Emneord [en]
Corporate Governance, Institutions, Marginal Q, Ownership, Performance, Tobin’s Average Q
HSV kategori
Identifikatorer
URN: urn:nbn:se:hj:diva-32126Scopus ID: 2-s2.0-84988378434OAI: oai:DiVA.org:hj-32126DiVA, id: diva2:1040653
Tilgjengelig fra: 2016-10-28 Laget: 2016-10-28 Sist oppdatert: 2018-09-05bibliografisk kontrollert

Open Access i DiVA

Fulltekst mangler i DiVA

Scopus

Personposter BETA

Bjuggren, Per-OlofEklund, Johan

Søk i DiVA

Av forfatter/redaktør
Bjuggren, Per-OlofEklund, Johan
Av organisasjonen
I samme tidsskrift
Corporate Ownership & Control

Søk utenfor DiVA

GoogleGoogle Scholar

urn-nbn

Altmetric

urn-nbn
Totalt: 335 treff
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf