Defusing the Antitrust Threat to Institutional Investor Involvement in Corporate Governance

2017 ◽  
Author(s):  
Edward B. Rock ◽  
Daniel L. Rubinfeld
Keyword(s):  
Corporate Governance ◽  
Institutional Investor

scholarly journals Corporate governance and corporate investment: an exploratory research in the Brazilian publicly traded companies listed in Bovespa

2011 ◽  
Vol 9 (1) ◽  
pp. 545-557
Author(s):  
Nádia Sousa ◽  
Flávia Zóboli Dalmácio
Keyword(s):  
Corporate Governance ◽  
Institutional Investors ◽  
Market Value ◽  
Institutional Investor ◽  
Capital Cost ◽  
Exploratory Research ◽  
Statistical Relation ◽  
Publicly Traded ◽  
Publicly Traded Companies ◽  
Governance Practices

This paper aims to study the influence of Corporate Governance practices in the institutional decision to invest. It was developed a Governance Index (iGov), a descending rank was prepared and a test was applied to check if the companies in the first 25% of this rank have the highest number of institutional investors among their biggest investors than the companies of the last 25%. For the validation of IGov it was tested if the companies with the best marks present highest Returns, lowest Capital Cost, highest Market Value, and highest Competiveness within the sector, lowest Beta, highest EVA® and lowest Share concentration. It has been proved that the best Corporate Governance practices do not have any statistical relation with the presence of more Institutional Investor.

scholarly journals Corporate ownership and internationalization: The effects of family, bank and institutional investor ownership in the UK and in continental Europe

2013 ◽  
Vol 10 (2) ◽  
pp. 721-732 ◽  
Author(s):  
Antonio Majocchi ◽  
Vincenza Odorici ◽  
Manuela Presutti
Keyword(s):  
Corporate Governance ◽  
Potential Role ◽  
Institutional Investor ◽  
International Level ◽  
Corporate Ownership ◽  
The Uk ◽  
International Strategies

While the role of corporate governance has been increasingly analysed during recent years, it is only very recently that the effects of corporate governance features on firm international strategies have been also considered. Using the Osiris database by Bureau van Djik we consider the potential role played by different kind of shareholders among the determinants of firm international level, distinguishing between the firms quoted in the UK from those listed in countries of Continental Europe (France, Germany, Italy, Poland and Spain). Overall our results confirm that different kind of ownerships affect with different degree of intensity the overall level of firm’sinternationalization. First, we find that ownership matter. Second, our results show that theeffects of ownership over firm’s international strategies depend also on the context of analysis.

scholarly journals Impact of Corporate Governance on Research & Development Investment in The Pharmaceutical Industry in Indonesia

2021 ◽  
Vol 3 (2) ◽  
pp. 109-118
Author(s):  
Rahmat Septiandendi ◽  
Adi Firman Ramadhan
Keyword(s):  
Corporate Governance ◽  
Pharmaceutical Company ◽  
Significant Influence ◽  
Stock Exchange ◽  
Investment Decision ◽  
Linear Regression Analysis ◽  
Institutional Investor ◽  
Governance Structure ◽  
Multiple Linear Regression Analysis ◽  
Outside Directors

Deciding the investment scale of a company's Research & Development is a strategic investment decision related to creating long-term value of the company and it is a very important decision because it has a certain level of risk and the cost is not small. Corporate governance of a company differs according to the ownership structure of each company, and corporate governance will affect the company's decision-making. The purpose of this study is to examine the effect of corporate governance structure, namely major shareholder, institutional investor, and outside directors to investment research & development at a pharmaceutical company listed in Indonesian Stock Exchange period 2010 to 2017. The population of this study is a pharmaceutical company listed on the Indonesia Stock Exchange. The number of pharmaceutical companies listed during the period 2010 to 2017 is as many as 11 companies. By using purposive sampling, obtained a sample of 5 companies. The data analysis technique used in this research is multiple linear regression analysis. The results of this study indicate that major shareholders have a positive significant influence on research & development investment. Meanwhile, the institutional investor has a positively significant influence on research & development investment. And the outside directors have an insignificant negative effect on investment & development investment.

Changes in ownership forms and role of institutional investors in governing public companies in Malaysia

2015 ◽  
Vol 11 (4) ◽  
pp. 455-475 ◽  
Author(s):  
Hairul Azlan Annuar
Keyword(s):  
Corporate Governance ◽  
Institutional Investors ◽  
Institutional Investor ◽  
Governance System ◽  
Public Companies ◽  
Content Type ◽  
Investment Companies ◽  
Corporate Governance System ◽  
Different Types

Purpose – The purpose of this paper is to ascertain whether different types of institutional investor in Malaysia are involved in the corporate governance of their investee companies, and, if yes, to what extent is the level of the involvement. Design/methodology/approach – A qualitative approach, consisting of a series of interviews with 18 senior investment managers of different types of institutional investor, was chosen. Findings – The findings suggest that lessons learnt from the fallout of the Asian crisis has made Malaysian institutional investors not only to be more prudent in managing their total funds and in making equities investment decisions, but has resulted in a more active participation in their “core” investee companies apart from merely discharging their voting rights. Interview analysis revealed that government-linked investment companies are championing the cause and could possibly affect the overall level of institutional investors’ involvement, which bode well for the future of the corporate governance system of the country. Research limitations/implications – Generalisations may be an issue when interviews are used as the method of inquiry. Also, the sample is not random, as access to many managers depended on recommendations. In addition, respondents were consciously selected to obtain different types of institutional investors that included government and non-government linked. Originality/value – There is a lack of work on studying the involvement of institutional investors in developing countries, whereby previous work and literature review were predominantly based upon the experience of Western economies.

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