Do Institutional Investors Prefer Near-Term Earnings over Long-Run Value?
Preprint
- 1 January 1999
- preprint
- Published by Elsevier in SSRN Electronic Journal
Abstract
Critics often argue that institutional investors have an excessive focus on short-term firm performance that leads corporate managers to make decisions to boostKeywords
This publication has 24 references indexed in Scilit:
- The Effects of Institutional Investor Preferences on Ownership Changes and Stock Prices around Corporate Spin-offsSSRN Electronic Journal, 1998
- Is the US Stock Market Myopic?SSRN Electronic Journal, 1998
- Preferences for Stock Characteristics As Revealed by Mutual Fund Portfolio HoldingsThe Journal of Finance, 1996
- The distorting effect of the prudent-man laws on institutional equity investmentsJournal of Financial Economics, 1996
- Abnormal Returns to a Fundamental Analysis StrategySSRN Electronic Journal, 1996
- The Cross-Section of Expected Stock ReturnsThe Journal of Finance, 1992
- EFFECTS OF BOARD AND OWNERSHIP STRUCTURE ON CORPORATE R&D STRATEGY.The Academy of Management Journal, 1991
- Patterns of Institutional Investment, Prudence, and the Managerial "Safety-Net" HypothesisJournal of Risk and Insurance, 1989
- Cross-Sectional Dependence and Problems in Inference in Market-Based Accounting ResearchJournal of Accounting Research, 1987
- The relationship between earnings' yield, market value and return for NYSE common stocksJournal of Financial Economics, 1983