Institutional investor horizon and bank risk-taking
We test the effect of short-term versus long-term institutional shareholding –so-called investor horizon– on bank risk-taking. We find that in contrast to banks dominated by short-term shareholders, banks with greater long-term shareholding are associated with lower risk, better stock performance, a...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
2021
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| Online Access: | http://purl.org/au-research/grants/arc/DE140100253 http://hdl.handle.net/20.500.11937/85365 |
| _version_ | 1848764733423878144 |
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| author | Pathan, Md Shams Tabrize Haq, Mamiza Faff, R. Seymour, T. |
| author_facet | Pathan, Md Shams Tabrize Haq, Mamiza Faff, R. Seymour, T. |
| author_sort | Pathan, Md Shams Tabrize |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | We test the effect of short-term versus long-term institutional shareholding –so-called investor horizon– on bank risk-taking. We find that in contrast to banks dominated by short-term shareholders, banks with greater long-term shareholding are associated with lower risk, better stock performance, and conservative business and compensation policies. Our results imply that bank regulators should be more vigilant over the actions of banks that heavily rely on short-term shareholding. |
| first_indexed | 2025-11-14T11:24:03Z |
| format | Journal Article |
| id | curtin-20.500.11937-85365 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:24:03Z |
| publishDate | 2021 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-853652022-12-16T00:52:13Z Institutional investor horizon and bank risk-taking Pathan, Md Shams Tabrize Haq, Mamiza Faff, R. Seymour, T. We test the effect of short-term versus long-term institutional shareholding –so-called investor horizon– on bank risk-taking. We find that in contrast to banks dominated by short-term shareholders, banks with greater long-term shareholding are associated with lower risk, better stock performance, and conservative business and compensation policies. Our results imply that bank regulators should be more vigilant over the actions of banks that heavily rely on short-term shareholding. 2021 Journal Article http://hdl.handle.net/20.500.11937/85365 10.1016/j.jcorpfin.2020.101794 http://purl.org/au-research/grants/arc/DE140100253 http://creativecommons.org/licenses/by-nc-nd/4.0/ fulltext |
| spellingShingle | Pathan, Md Shams Tabrize Haq, Mamiza Faff, R. Seymour, T. Institutional investor horizon and bank risk-taking |
| title | Institutional investor horizon and bank risk-taking |
| title_full | Institutional investor horizon and bank risk-taking |
| title_fullStr | Institutional investor horizon and bank risk-taking |
| title_full_unstemmed | Institutional investor horizon and bank risk-taking |
| title_short | Institutional investor horizon and bank risk-taking |
| title_sort | institutional investor horizon and bank risk-taking |
| url | http://purl.org/au-research/grants/arc/DE140100253 http://hdl.handle.net/20.500.11937/85365 |