WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES
This paper surveys the literature on the impact of investor horizon on corporate policies. While the desire to encourage long‐term investor ownership is shared among managers, boards and policy makers, how greater long‐term investor ownership benefits corporate decisions and ultimately firm performa...
Ausführliche Beschreibung
Gespeichert in:
| Autor*in: |
Garel, Alexandre [verfasserIn] |
|---|
| Format: |
Artikel |
|---|---|
| Sprache: |
Englisch |
| Erschienen: |
2017 |
|---|
| Rechteinformationen: |
Nutzungsrecht: © 2016 John Wiley & Sons Ltd |
|---|
| Schlagwörter: |
|---|
| Übergeordnetes Werk: |
Enthalten in: Journal of economic surveys - Oxford [u.a.] : Wiley-Blackwell, 1987, 31(2017), 4, Seite 1062-1094 |
|---|---|
| Übergeordnetes Werk: |
volume:31 ; year:2017 ; number:4 ; pages:1062-1094 |
| Links: |
|---|
| DOI / URN: |
10.1111/joes.12180 |
|---|
| Katalog-ID: |
OLC1997975548 |
|---|
| LEADER | 01000caa a2200265 4500 | ||
|---|---|---|---|
| 001 | OLC1997975548 | ||
| 003 | DE-627 | ||
| 005 | 20230715080055.0 | ||
| 007 | tu | ||
| 008 | 171125s2017 xx ||||| 00| ||eng c | ||
| 024 | 7 | |a 10.1111/joes.12180 |2 doi | |
| 028 | 5 | 2 | |a PQ20171228 |
| 035 | |a (DE-627)OLC1997975548 | ||
| 035 | |a (DE-599)GBVOLC1997975548 | ||
| 035 | |a (PRQ)p1590-c047e61ccae06299cffd93a1b24f46720cc25ba8fc0e74a5e3612e061f352fe70 | ||
| 035 | |a (KEY)0163874220170000031000401062whenownershipstructuremattersareviewoftheeffectsof | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rakwb | ||
| 041 | |a eng | ||
| 082 | 0 | 4 | |a 330 |q DNB |
| 100 | 1 | |a Garel, Alexandre |e verfasserin |4 aut | |
| 245 | 1 | 0 | |a WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES |
| 264 | 1 | |c 2017 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a ohne Hilfsmittel zu benutzen |b n |2 rdamedia | ||
| 338 | |a Band |b nc |2 rdacarrier | ||
| 520 | |a This paper surveys the literature on the impact of investor horizon on corporate policies. While the desire to encourage long‐term investor ownership is shared among managers, boards and policy makers, how greater long‐term investor ownership benefits corporate decisions and ultimately firm performance is still under academic investigation. The contribution of this paper is twofold. The paper's first contribution is providing an up‐to‐date review of theoretical and empirical findings. This paper introduces the groups of long‐term and short‐term investors and the related classification methodologies and investor horizon proxies used to form them. It further reviews the determinants of an investor's horizon. Then, this paper organizes the literature on the impact of investor horizon on corporate policies around three main channels: the short‐term pressure hypothesis, the monitoring hypothesis, and the catering hypothesis. The paper's second contribution is identifying six major challenges ahead that need to be addressed to improve the understanding of the impact of long‐term (short‐term) investor ownership on corporates policies. These challenges represent opportunities for further research. | ||
| 540 | |a Nutzungsrecht: © 2016 John Wiley & Sons Ltd | ||
| 650 | 4 | |a Institutional investors | |
| 650 | 4 | |a Investor horizon | |
| 650 | 4 | |a Long‐term investors | |
| 650 | 4 | |a Short‐term investors | |
| 650 | 4 | |a Corporate policies | |
| 650 | 4 | |a Business ownership | |
| 650 | 4 | |a Investors | |
| 650 | 4 | |a Hypotheses | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of economic surveys |d Oxford [u.a.] : Wiley-Blackwell, 1987 |g 31(2017), 4, Seite 1062-1094 |w (DE-627)168297477 |w (DE-600)722946-X |w (DE-576)016034988 |x 0950-0804 |7 nnns |
| 773 | 1 | 8 | |g volume:31 |g year:2017 |g number:4 |g pages:1062-1094 |
| 856 | 4 | 1 | |u http://dx.doi.org/10.1111/joes.12180 |3 Volltext |
| 856 | 4 | 2 | |u http://onlinelibrary.wiley.com/doi/10.1111/joes.12180/abstract |
| 856 | 4 | 2 | |u https://search.proquest.com/docview/1926451986 |
| 912 | |a GBV_USEFLAG_A | ||
| 912 | |a SYSFLAG_A | ||
| 912 | |a GBV_OLC | ||
| 912 | |a SSG-OLC-WIW | ||
| 912 | |a SSG-OLC-IBL | ||
| 912 | |a GBV_ILN_11 | ||
| 912 | |a GBV_ILN_22 | ||
| 912 | |a GBV_ILN_26 | ||
| 912 | |a GBV_ILN_4012 | ||
| 951 | |a AR | ||
| 952 | |d 31 |j 2017 |e 4 |h 1062-1094 | ||
| author_variant |
a g ag |
|---|---|
| matchkey_str |
article:09500804:2017----::hnwesisrcueatraeiwfhefcsfnetroi |
| hierarchy_sort_str |
2017 |
| publishDate |
2017 |
| allfields |
10.1111/joes.12180 doi PQ20171228 (DE-627)OLC1997975548 (DE-599)GBVOLC1997975548 (PRQ)p1590-c047e61ccae06299cffd93a1b24f46720cc25ba8fc0e74a5e3612e061f352fe70 (KEY)0163874220170000031000401062whenownershipstructuremattersareviewoftheeffectsof DE-627 ger DE-627 rakwb eng 330 DNB Garel, Alexandre verfasserin aut WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES 2017 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier This paper surveys the literature on the impact of investor horizon on corporate policies. While the desire to encourage long‐term investor ownership is shared among managers, boards and policy makers, how greater long‐term investor ownership benefits corporate decisions and ultimately firm performance is still under academic investigation. The contribution of this paper is twofold. The paper's first contribution is providing an up‐to‐date review of theoretical and empirical findings. This paper introduces the groups of long‐term and short‐term investors and the related classification methodologies and investor horizon proxies used to form them. It further reviews the determinants of an investor's horizon. Then, this paper organizes the literature on the impact of investor horizon on corporate policies around three main channels: the short‐term pressure hypothesis, the monitoring hypothesis, and the catering hypothesis. The paper's second contribution is identifying six major challenges ahead that need to be addressed to improve the understanding of the impact of long‐term (short‐term) investor ownership on corporates policies. These challenges represent opportunities for further research. Nutzungsrecht: © 2016 John Wiley & Sons Ltd Institutional investors Investor horizon Long‐term investors Short‐term investors Corporate policies Business ownership Investors Hypotheses Enthalten in Journal of economic surveys Oxford [u.a.] : Wiley-Blackwell, 1987 31(2017), 4, Seite 1062-1094 (DE-627)168297477 (DE-600)722946-X (DE-576)016034988 0950-0804 nnns volume:31 year:2017 number:4 pages:1062-1094 http://dx.doi.org/10.1111/joes.12180 Volltext http://onlinelibrary.wiley.com/doi/10.1111/joes.12180/abstract https://search.proquest.com/docview/1926451986 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OLC-IBL GBV_ILN_11 GBV_ILN_22 GBV_ILN_26 GBV_ILN_4012 AR 31 2017 4 1062-1094 |
| spelling |
10.1111/joes.12180 doi PQ20171228 (DE-627)OLC1997975548 (DE-599)GBVOLC1997975548 (PRQ)p1590-c047e61ccae06299cffd93a1b24f46720cc25ba8fc0e74a5e3612e061f352fe70 (KEY)0163874220170000031000401062whenownershipstructuremattersareviewoftheeffectsof DE-627 ger DE-627 rakwb eng 330 DNB Garel, Alexandre verfasserin aut WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES 2017 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier This paper surveys the literature on the impact of investor horizon on corporate policies. While the desire to encourage long‐term investor ownership is shared among managers, boards and policy makers, how greater long‐term investor ownership benefits corporate decisions and ultimately firm performance is still under academic investigation. The contribution of this paper is twofold. The paper's first contribution is providing an up‐to‐date review of theoretical and empirical findings. This paper introduces the groups of long‐term and short‐term investors and the related classification methodologies and investor horizon proxies used to form them. It further reviews the determinants of an investor's horizon. Then, this paper organizes the literature on the impact of investor horizon on corporate policies around three main channels: the short‐term pressure hypothesis, the monitoring hypothesis, and the catering hypothesis. The paper's second contribution is identifying six major challenges ahead that need to be addressed to improve the understanding of the impact of long‐term (short‐term) investor ownership on corporates policies. These challenges represent opportunities for further research. Nutzungsrecht: © 2016 John Wiley & Sons Ltd Institutional investors Investor horizon Long‐term investors Short‐term investors Corporate policies Business ownership Investors Hypotheses Enthalten in Journal of economic surveys Oxford [u.a.] : Wiley-Blackwell, 1987 31(2017), 4, Seite 1062-1094 (DE-627)168297477 (DE-600)722946-X (DE-576)016034988 0950-0804 nnns volume:31 year:2017 number:4 pages:1062-1094 http://dx.doi.org/10.1111/joes.12180 Volltext http://onlinelibrary.wiley.com/doi/10.1111/joes.12180/abstract https://search.proquest.com/docview/1926451986 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OLC-IBL GBV_ILN_11 GBV_ILN_22 GBV_ILN_26 GBV_ILN_4012 AR 31 2017 4 1062-1094 |
| allfields_unstemmed |
10.1111/joes.12180 doi PQ20171228 (DE-627)OLC1997975548 (DE-599)GBVOLC1997975548 (PRQ)p1590-c047e61ccae06299cffd93a1b24f46720cc25ba8fc0e74a5e3612e061f352fe70 (KEY)0163874220170000031000401062whenownershipstructuremattersareviewoftheeffectsof DE-627 ger DE-627 rakwb eng 330 DNB Garel, Alexandre verfasserin aut WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES 2017 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier This paper surveys the literature on the impact of investor horizon on corporate policies. While the desire to encourage long‐term investor ownership is shared among managers, boards and policy makers, how greater long‐term investor ownership benefits corporate decisions and ultimately firm performance is still under academic investigation. The contribution of this paper is twofold. The paper's first contribution is providing an up‐to‐date review of theoretical and empirical findings. This paper introduces the groups of long‐term and short‐term investors and the related classification methodologies and investor horizon proxies used to form them. It further reviews the determinants of an investor's horizon. Then, this paper organizes the literature on the impact of investor horizon on corporate policies around three main channels: the short‐term pressure hypothesis, the monitoring hypothesis, and the catering hypothesis. The paper's second contribution is identifying six major challenges ahead that need to be addressed to improve the understanding of the impact of long‐term (short‐term) investor ownership on corporates policies. These challenges represent opportunities for further research. Nutzungsrecht: © 2016 John Wiley & Sons Ltd Institutional investors Investor horizon Long‐term investors Short‐term investors Corporate policies Business ownership Investors Hypotheses Enthalten in Journal of economic surveys Oxford [u.a.] : Wiley-Blackwell, 1987 31(2017), 4, Seite 1062-1094 (DE-627)168297477 (DE-600)722946-X (DE-576)016034988 0950-0804 nnns volume:31 year:2017 number:4 pages:1062-1094 http://dx.doi.org/10.1111/joes.12180 Volltext http://onlinelibrary.wiley.com/doi/10.1111/joes.12180/abstract https://search.proquest.com/docview/1926451986 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OLC-IBL GBV_ILN_11 GBV_ILN_22 GBV_ILN_26 GBV_ILN_4012 AR 31 2017 4 1062-1094 |
| allfieldsGer |
10.1111/joes.12180 doi PQ20171228 (DE-627)OLC1997975548 (DE-599)GBVOLC1997975548 (PRQ)p1590-c047e61ccae06299cffd93a1b24f46720cc25ba8fc0e74a5e3612e061f352fe70 (KEY)0163874220170000031000401062whenownershipstructuremattersareviewoftheeffectsof DE-627 ger DE-627 rakwb eng 330 DNB Garel, Alexandre verfasserin aut WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES 2017 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier This paper surveys the literature on the impact of investor horizon on corporate policies. While the desire to encourage long‐term investor ownership is shared among managers, boards and policy makers, how greater long‐term investor ownership benefits corporate decisions and ultimately firm performance is still under academic investigation. The contribution of this paper is twofold. The paper's first contribution is providing an up‐to‐date review of theoretical and empirical findings. This paper introduces the groups of long‐term and short‐term investors and the related classification methodologies and investor horizon proxies used to form them. It further reviews the determinants of an investor's horizon. Then, this paper organizes the literature on the impact of investor horizon on corporate policies around three main channels: the short‐term pressure hypothesis, the monitoring hypothesis, and the catering hypothesis. The paper's second contribution is identifying six major challenges ahead that need to be addressed to improve the understanding of the impact of long‐term (short‐term) investor ownership on corporates policies. These challenges represent opportunities for further research. Nutzungsrecht: © 2016 John Wiley & Sons Ltd Institutional investors Investor horizon Long‐term investors Short‐term investors Corporate policies Business ownership Investors Hypotheses Enthalten in Journal of economic surveys Oxford [u.a.] : Wiley-Blackwell, 1987 31(2017), 4, Seite 1062-1094 (DE-627)168297477 (DE-600)722946-X (DE-576)016034988 0950-0804 nnns volume:31 year:2017 number:4 pages:1062-1094 http://dx.doi.org/10.1111/joes.12180 Volltext http://onlinelibrary.wiley.com/doi/10.1111/joes.12180/abstract https://search.proquest.com/docview/1926451986 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OLC-IBL GBV_ILN_11 GBV_ILN_22 GBV_ILN_26 GBV_ILN_4012 AR 31 2017 4 1062-1094 |
| allfieldsSound |
10.1111/joes.12180 doi PQ20171228 (DE-627)OLC1997975548 (DE-599)GBVOLC1997975548 (PRQ)p1590-c047e61ccae06299cffd93a1b24f46720cc25ba8fc0e74a5e3612e061f352fe70 (KEY)0163874220170000031000401062whenownershipstructuremattersareviewoftheeffectsof DE-627 ger DE-627 rakwb eng 330 DNB Garel, Alexandre verfasserin aut WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES 2017 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier This paper surveys the literature on the impact of investor horizon on corporate policies. While the desire to encourage long‐term investor ownership is shared among managers, boards and policy makers, how greater long‐term investor ownership benefits corporate decisions and ultimately firm performance is still under academic investigation. The contribution of this paper is twofold. The paper's first contribution is providing an up‐to‐date review of theoretical and empirical findings. This paper introduces the groups of long‐term and short‐term investors and the related classification methodologies and investor horizon proxies used to form them. It further reviews the determinants of an investor's horizon. Then, this paper organizes the literature on the impact of investor horizon on corporate policies around three main channels: the short‐term pressure hypothesis, the monitoring hypothesis, and the catering hypothesis. The paper's second contribution is identifying six major challenges ahead that need to be addressed to improve the understanding of the impact of long‐term (short‐term) investor ownership on corporates policies. These challenges represent opportunities for further research. Nutzungsrecht: © 2016 John Wiley & Sons Ltd Institutional investors Investor horizon Long‐term investors Short‐term investors Corporate policies Business ownership Investors Hypotheses Enthalten in Journal of economic surveys Oxford [u.a.] : Wiley-Blackwell, 1987 31(2017), 4, Seite 1062-1094 (DE-627)168297477 (DE-600)722946-X (DE-576)016034988 0950-0804 nnns volume:31 year:2017 number:4 pages:1062-1094 http://dx.doi.org/10.1111/joes.12180 Volltext http://onlinelibrary.wiley.com/doi/10.1111/joes.12180/abstract https://search.proquest.com/docview/1926451986 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OLC-IBL GBV_ILN_11 GBV_ILN_22 GBV_ILN_26 GBV_ILN_4012 AR 31 2017 4 1062-1094 |
| language |
English |
| source |
Enthalten in Journal of economic surveys 31(2017), 4, Seite 1062-1094 volume:31 year:2017 number:4 pages:1062-1094 |
| sourceStr |
Enthalten in Journal of economic surveys 31(2017), 4, Seite 1062-1094 volume:31 year:2017 number:4 pages:1062-1094 |
| format_phy_str_mv |
Article |
| institution |
findex.gbv.de |
| topic_facet |
Institutional investors Investor horizon Long‐term investors Short‐term investors Corporate policies Business ownership Investors Hypotheses |
| dewey-raw |
330 |
| isfreeaccess_bool |
false |
| container_title |
Journal of economic surveys |
| authorswithroles_txt_mv |
Garel, Alexandre @@aut@@ |
| publishDateDaySort_date |
2017-01-01T00:00:00Z |
| hierarchy_top_id |
168297477 |
| dewey-sort |
3330 |
| id |
OLC1997975548 |
| language_de |
englisch |
| fullrecord |
<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01000caa a2200265 4500</leader><controlfield tag="001">OLC1997975548</controlfield><controlfield tag="003">DE-627</controlfield><controlfield tag="005">20230715080055.0</controlfield><controlfield tag="007">tu</controlfield><controlfield tag="008">171125s2017 xx ||||| 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1111/joes.12180</subfield><subfield code="2">doi</subfield></datafield><datafield tag="028" ind1="5" ind2="2"><subfield code="a">PQ20171228</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627)OLC1997975548</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVOLC1997975548</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(PRQ)p1590-c047e61ccae06299cffd93a1b24f46720cc25ba8fc0e74a5e3612e061f352fe70</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(KEY)0163874220170000031000401062whenownershipstructuremattersareviewoftheeffectsof</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="082" ind1="0" ind2="4"><subfield code="a">330</subfield><subfield code="q">DNB</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Garel, Alexandre</subfield><subfield code="e">verfasserin</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2017</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">ohne Hilfsmittel zu benutzen</subfield><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Band</subfield><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">This paper surveys the literature on the impact of investor horizon on corporate policies. While the desire to encourage long‐term investor ownership is shared among managers, boards and policy makers, how greater long‐term investor ownership benefits corporate decisions and ultimately firm performance is still under academic investigation. The contribution of this paper is twofold. The paper's first contribution is providing an up‐to‐date review of theoretical and empirical findings. This paper introduces the groups of long‐term and short‐term investors and the related classification methodologies and investor horizon proxies used to form them. It further reviews the determinants of an investor's horizon. Then, this paper organizes the literature on the impact of investor horizon on corporate policies around three main channels: the short‐term pressure hypothesis, the monitoring hypothesis, and the catering hypothesis. The paper's second contribution is identifying six major challenges ahead that need to be addressed to improve the understanding of the impact of long‐term (short‐term) investor ownership on corporates policies. These challenges represent opportunities for further research.</subfield></datafield><datafield tag="540" ind1=" " ind2=" "><subfield code="a">Nutzungsrecht: © 2016 John Wiley & Sons Ltd</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Institutional investors</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Investor horizon</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Long‐term investors</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Short‐term investors</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Corporate policies</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Business ownership</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Investors</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Hypotheses</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Enthalten in</subfield><subfield code="t">Journal of economic surveys</subfield><subfield code="d">Oxford [u.a.] : Wiley-Blackwell, 1987</subfield><subfield code="g">31(2017), 4, Seite 1062-1094</subfield><subfield code="w">(DE-627)168297477</subfield><subfield code="w">(DE-600)722946-X</subfield><subfield code="w">(DE-576)016034988</subfield><subfield code="x">0950-0804</subfield><subfield code="7">nnns</subfield></datafield><datafield tag="773" ind1="1" ind2="8"><subfield code="g">volume:31</subfield><subfield code="g">year:2017</subfield><subfield code="g">number:4</subfield><subfield code="g">pages:1062-1094</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://dx.doi.org/10.1111/joes.12180</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="u">http://onlinelibrary.wiley.com/doi/10.1111/joes.12180/abstract</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="u">https://search.proquest.com/docview/1926451986</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_USEFLAG_A</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SYSFLAG_A</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_OLC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SSG-OLC-WIW</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SSG-OLC-IBL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_11</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_22</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_26</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4012</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="952" ind1=" " ind2=" "><subfield code="d">31</subfield><subfield code="j">2017</subfield><subfield code="e">4</subfield><subfield code="h">1062-1094</subfield></datafield></record></collection>
|
| author |
Garel, Alexandre |
| spellingShingle |
Garel, Alexandre ddc 330 misc Institutional investors misc Investor horizon misc Long‐term investors misc Short‐term investors misc Corporate policies misc Business ownership misc Investors misc Hypotheses WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES |
| authorStr |
Garel, Alexandre |
| ppnlink_with_tag_str_mv |
@@773@@(DE-627)168297477 |
| format |
Article |
| dewey-ones |
330 - Economics |
| delete_txt_mv |
keep |
| author_role |
aut |
| collection |
OLC |
| remote_str |
false |
| illustrated |
Not Illustrated |
| issn |
0950-0804 |
| topic_title |
330 DNB WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES Institutional investors Investor horizon Long‐term investors Short‐term investors Corporate policies Business ownership Investors Hypotheses |
| topic |
ddc 330 misc Institutional investors misc Investor horizon misc Long‐term investors misc Short‐term investors misc Corporate policies misc Business ownership misc Investors misc Hypotheses |
| topic_unstemmed |
ddc 330 misc Institutional investors misc Investor horizon misc Long‐term investors misc Short‐term investors misc Corporate policies misc Business ownership misc Investors misc Hypotheses |
| topic_browse |
ddc 330 misc Institutional investors misc Investor horizon misc Long‐term investors misc Short‐term investors misc Corporate policies misc Business ownership misc Investors misc Hypotheses |
| format_facet |
Aufsätze Gedruckte Aufsätze |
| format_main_str_mv |
Text Zeitschrift/Artikel |
| carriertype_str_mv |
nc |
| hierarchy_parent_title |
Journal of economic surveys |
| hierarchy_parent_id |
168297477 |
| dewey-tens |
330 - Economics |
| hierarchy_top_title |
Journal of economic surveys |
| isfreeaccess_txt |
false |
| familylinks_str_mv |
(DE-627)168297477 (DE-600)722946-X (DE-576)016034988 |
| title |
WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES |
| ctrlnum |
(DE-627)OLC1997975548 (DE-599)GBVOLC1997975548 (PRQ)p1590-c047e61ccae06299cffd93a1b24f46720cc25ba8fc0e74a5e3612e061f352fe70 (KEY)0163874220170000031000401062whenownershipstructuremattersareviewoftheeffectsof |
| title_full |
WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES |
| author_sort |
Garel, Alexandre |
| journal |
Journal of economic surveys |
| journalStr |
Journal of economic surveys |
| lang_code |
eng |
| isOA_bool |
false |
| dewey-hundreds |
300 - Social sciences |
| recordtype |
marc |
| publishDateSort |
2017 |
| contenttype_str_mv |
txt |
| container_start_page |
1062 |
| author_browse |
Garel, Alexandre |
| container_volume |
31 |
| class |
330 DNB |
| format_se |
Aufsätze |
| author-letter |
Garel, Alexandre |
| doi_str_mv |
10.1111/joes.12180 |
| dewey-full |
330 |
| title_sort |
when ownership structure matters: a review of the effects of investor horizon on corporate policies |
| title_auth |
WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES |
| abstract |
This paper surveys the literature on the impact of investor horizon on corporate policies. While the desire to encourage long‐term investor ownership is shared among managers, boards and policy makers, how greater long‐term investor ownership benefits corporate decisions and ultimately firm performance is still under academic investigation. The contribution of this paper is twofold. The paper's first contribution is providing an up‐to‐date review of theoretical and empirical findings. This paper introduces the groups of long‐term and short‐term investors and the related classification methodologies and investor horizon proxies used to form them. It further reviews the determinants of an investor's horizon. Then, this paper organizes the literature on the impact of investor horizon on corporate policies around three main channels: the short‐term pressure hypothesis, the monitoring hypothesis, and the catering hypothesis. The paper's second contribution is identifying six major challenges ahead that need to be addressed to improve the understanding of the impact of long‐term (short‐term) investor ownership on corporates policies. These challenges represent opportunities for further research. |
| abstractGer |
This paper surveys the literature on the impact of investor horizon on corporate policies. While the desire to encourage long‐term investor ownership is shared among managers, boards and policy makers, how greater long‐term investor ownership benefits corporate decisions and ultimately firm performance is still under academic investigation. The contribution of this paper is twofold. The paper's first contribution is providing an up‐to‐date review of theoretical and empirical findings. This paper introduces the groups of long‐term and short‐term investors and the related classification methodologies and investor horizon proxies used to form them. It further reviews the determinants of an investor's horizon. Then, this paper organizes the literature on the impact of investor horizon on corporate policies around three main channels: the short‐term pressure hypothesis, the monitoring hypothesis, and the catering hypothesis. The paper's second contribution is identifying six major challenges ahead that need to be addressed to improve the understanding of the impact of long‐term (short‐term) investor ownership on corporates policies. These challenges represent opportunities for further research. |
| abstract_unstemmed |
This paper surveys the literature on the impact of investor horizon on corporate policies. While the desire to encourage long‐term investor ownership is shared among managers, boards and policy makers, how greater long‐term investor ownership benefits corporate decisions and ultimately firm performance is still under academic investigation. The contribution of this paper is twofold. The paper's first contribution is providing an up‐to‐date review of theoretical and empirical findings. This paper introduces the groups of long‐term and short‐term investors and the related classification methodologies and investor horizon proxies used to form them. It further reviews the determinants of an investor's horizon. Then, this paper organizes the literature on the impact of investor horizon on corporate policies around three main channels: the short‐term pressure hypothesis, the monitoring hypothesis, and the catering hypothesis. The paper's second contribution is identifying six major challenges ahead that need to be addressed to improve the understanding of the impact of long‐term (short‐term) investor ownership on corporates policies. These challenges represent opportunities for further research. |
| collection_details |
GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OLC-IBL GBV_ILN_11 GBV_ILN_22 GBV_ILN_26 GBV_ILN_4012 |
| container_issue |
4 |
| title_short |
WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES |
| url |
http://dx.doi.org/10.1111/joes.12180 http://onlinelibrary.wiley.com/doi/10.1111/joes.12180/abstract https://search.proquest.com/docview/1926451986 |
| remote_bool |
false |
| ppnlink |
168297477 |
| mediatype_str_mv |
n |
| isOA_txt |
false |
| hochschulschrift_bool |
false |
| doi_str |
10.1111/joes.12180 |
| up_date |
2024-07-04T04:06:22.904Z |
| _version_ |
1803619908091641856 |
| fullrecord_marcxml |
<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01000caa a2200265 4500</leader><controlfield tag="001">OLC1997975548</controlfield><controlfield tag="003">DE-627</controlfield><controlfield tag="005">20230715080055.0</controlfield><controlfield tag="007">tu</controlfield><controlfield tag="008">171125s2017 xx ||||| 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1111/joes.12180</subfield><subfield code="2">doi</subfield></datafield><datafield tag="028" ind1="5" ind2="2"><subfield code="a">PQ20171228</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627)OLC1997975548</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVOLC1997975548</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(PRQ)p1590-c047e61ccae06299cffd93a1b24f46720cc25ba8fc0e74a5e3612e061f352fe70</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(KEY)0163874220170000031000401062whenownershipstructuremattersareviewoftheeffectsof</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="082" ind1="0" ind2="4"><subfield code="a">330</subfield><subfield code="q">DNB</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Garel, Alexandre</subfield><subfield code="e">verfasserin</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2017</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">ohne Hilfsmittel zu benutzen</subfield><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Band</subfield><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">This paper surveys the literature on the impact of investor horizon on corporate policies. While the desire to encourage long‐term investor ownership is shared among managers, boards and policy makers, how greater long‐term investor ownership benefits corporate decisions and ultimately firm performance is still under academic investigation. The contribution of this paper is twofold. The paper's first contribution is providing an up‐to‐date review of theoretical and empirical findings. This paper introduces the groups of long‐term and short‐term investors and the related classification methodologies and investor horizon proxies used to form them. It further reviews the determinants of an investor's horizon. Then, this paper organizes the literature on the impact of investor horizon on corporate policies around three main channels: the short‐term pressure hypothesis, the monitoring hypothesis, and the catering hypothesis. The paper's second contribution is identifying six major challenges ahead that need to be addressed to improve the understanding of the impact of long‐term (short‐term) investor ownership on corporates policies. These challenges represent opportunities for further research.</subfield></datafield><datafield tag="540" ind1=" " ind2=" "><subfield code="a">Nutzungsrecht: © 2016 John Wiley & Sons Ltd</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Institutional investors</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Investor horizon</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Long‐term investors</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Short‐term investors</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Corporate policies</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Business ownership</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Investors</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Hypotheses</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Enthalten in</subfield><subfield code="t">Journal of economic surveys</subfield><subfield code="d">Oxford [u.a.] : Wiley-Blackwell, 1987</subfield><subfield code="g">31(2017), 4, Seite 1062-1094</subfield><subfield code="w">(DE-627)168297477</subfield><subfield code="w">(DE-600)722946-X</subfield><subfield code="w">(DE-576)016034988</subfield><subfield code="x">0950-0804</subfield><subfield code="7">nnns</subfield></datafield><datafield tag="773" ind1="1" ind2="8"><subfield code="g">volume:31</subfield><subfield code="g">year:2017</subfield><subfield code="g">number:4</subfield><subfield code="g">pages:1062-1094</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://dx.doi.org/10.1111/joes.12180</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="u">http://onlinelibrary.wiley.com/doi/10.1111/joes.12180/abstract</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="u">https://search.proquest.com/docview/1926451986</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_USEFLAG_A</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SYSFLAG_A</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_OLC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SSG-OLC-WIW</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SSG-OLC-IBL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_11</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_22</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_26</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4012</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="952" ind1=" " ind2=" "><subfield code="d">31</subfield><subfield code="j">2017</subfield><subfield code="e">4</subfield><subfield code="h">1062-1094</subfield></datafield></record></collection>
|
| score |
7.398038 |