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Keywords: institutional investorClose
Journal: Asian Survey
Asian Survey (2020) 60 (6): 1116–1141.
Published: 03 December 2020
... institutional investor’s active shareholder engagement affected the stock market. We find that the stock value of the KNPS’s investees was reduced after the active shareholder engagement. The effect was larger in the case of small-cap stocks, companies in which the KNPS has a 5–10% share, and firms with a lower...