INSTITUTIONAL OWNERSHIP STABILITY AND POST-MERGER PERFORMANCE

2016 ◽  
Author(s):  
Lin Lin
Keyword(s):  
Institutional Ownership ◽  
Ownership Stability

Institutional ownership stability and BHC performance

2008 ◽  
Vol 32 (9) ◽  
pp. 1767-1781 ◽  
Author(s):  
Elyas Elyasiani ◽  
Jingyi Jane Jia
Keyword(s):  
Institutional Ownership ◽  
Ownership Stability

scholarly journals Institutional ownership stability and dividend payout policy

2017 ◽  
Vol 43 (10) ◽  
pp. 1170-1188 ◽  
Author(s):  
Surendranath R. Jory ◽  
Thanh Ngo ◽  
Hamid Sakaki
Keyword(s):  
Institutional Investors ◽  
Positive Association ◽  
Institutional Ownership ◽  
Payout Policy ◽  
Agency Conflicts ◽  
Cross Sectional ◽  
Dividend Payout ◽  
Content Type ◽  
Ownership Stability ◽  
Institutional Owners

Purpose The purpose of this paper is to empirically examine the link between institutional ownership stability and dividend payout ratio. Design/methodology/approach First, the authors estimate the propensity of a firm to pay dividend. Next, the authors perform panel fixed-effect regressions of dividend payouts on institutional ownership stability variables. The authors also compare institutional ownership between dividend paying and non-dividend paying investee firms. The authors analyze the dividend preferences of different types of institutional owners. Finally, the authors examine the cross-sectional variation in the volatility of dividend payouts. Findings The authors find that stable and large institutional owners favor dividend paying companies. There also exists a positive association between ownership persistence and dividend payout. Conversely, firms that change their dividend payout frequently are associated with larger deviations in institutional ownership. Additionally, the presence of pressure-sensitive institutional investors (i.e. investors that also hold business ties with the investee firm) is significantly linked to dividend payout policy. Conversely, pressure-insensitive investors use alternative forms of monitoring instead of requiring investee firms to pay dividends, which serve to reduce agency conflicts. Originality/value This paper considers the preferences of long-term stable institutional investors in their selection of dividend paying firms.

Institutional ownership stability and the cost of debt

2010 ◽  
Vol 13 (4) ◽  
pp. 475-500 ◽  
Author(s):  
Elyas Elyasiani ◽  
Jingyi (Jane) Jia ◽  
Connie X. Mao
Keyword(s):  
Institutional Ownership ◽  
Cost Of Debt ◽  
Ownership Stability ◽  
The Cost

Institutional Ownership Stability and the Cost of Debt

2006 ◽  
Author(s):  
Elyas Elyasiani ◽  
Jingyi (Jane) Jia ◽  
Connie X. Mao
Keyword(s):  
Institutional Ownership ◽  
Cost Of Debt ◽  
Ownership Stability ◽  
The Cost

Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Dengan Variabel Intervening Profitabilitas

2017 ◽  
Vol 25 (1) ◽  
pp. 13-39
Author(s):  
Achmad Tjahjono ◽  
Siti Chaeriyah
Keyword(s):  
Corporate Governance ◽  
Path Analysis ◽  
Executive Director ◽  
Audit Committee ◽  
Positive Impact ◽  
Institutional Ownership ◽  
Analysis Tool ◽  
Manufacturing Companies ◽  
Company Value ◽  
Good Corporate Governance

The Company was founded with the goal of increasing the value of the company as well as to provide prosperity for the owners or shareholders. Good Corporate Governance and profitability is an effort to enhance company value. This study aims to determine the influence of good corporate governance to company value with profitability as intervening variable. The population of this research is manufacturing companies listed in Indonesia Stock Exchange in 2010 - 2014. The sample is taken by using purposive sampling method. Under this method, as many as 123 companies were obtained. The analysis tool to test the hypothesis is path analysis with AMOS software version 21. Data analysis method is descriptive analysis, path analysis, and sobeltest. The results of this study indicate that managerial ownership, the audit committee and the profitability have positive impact toward the of the company value, institutional ownership has positive impact but not significant, non-executive director with negative effect tendency on the company value. The results of this study also showed that profitability cannot mediate the effect of good corporate governance mechanisms on company value. It can be suggested to replace the intervening variable with other variables such as quality of earnings instead of profitability since it is declined as an intervening variable. non-executive director and institutional ownership does not contribute any positive and significant effect on company value and profitability. The following research can use another proxy in the measurement process and consider other theories that could explain comprehensively.

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