Matches in SemOpenAlex for { <https://semopenalex.org/work/W3124103672> ?p ?o ?g. }
- W3124103672 endingPage "2719" @default.
- W3124103672 startingPage "2673" @default.
- W3124103672 abstract "Conventional wisdom is that diversification weakens governance by spreading an investor too thinly. We show that, when an investor owns multiple firms (“common ownership”), governance through both voice and exit can strengthen – even if the firms are in unrelated industries. Under common ownership, an informed investor has flexibility over which assets to retain and which to sell. She sells low-quality firms first, thereby increasing price informativeness. In a voice model, the investor’s incentives to monitor are stronger since “cutting-and-running” is less profitable. In an exit model, the manager’s incentives to work are stronger since the price impact of investor selling is greater." @default.
- W3124103672 created "2021-02-01" @default.
- W3124103672 creator A5031996018 @default.
- W3124103672 creator A5057084828 @default.
- W3124103672 creator A5079247808 @default.
- W3124103672 date "2018-09-22" @default.
- W3124103672 modified "2023-10-16" @default.
- W3124103672 title "Governance Under Common Ownership" @default.
- W3124103672 cites W1548872077 @default.
- W3124103672 cites W1949455802 @default.
- W3124103672 cites W1963815724 @default.
- W3124103672 cites W1967159019 @default.
- W3124103672 cites W1984640356 @default.
- W3124103672 cites W1985808284 @default.
- W3124103672 cites W2005998587 @default.
- W3124103672 cites W2014182748 @default.
- W3124103672 cites W2016020734 @default.
- W3124103672 cites W2017752325 @default.
- W3124103672 cites W2033041791 @default.
- W3124103672 cites W2033308164 @default.
- W3124103672 cites W2034712491 @default.
- W3124103672 cites W2035238630 @default.
- W3124103672 cites W2043541271 @default.
- W3124103672 cites W2048603811 @default.
- W3124103672 cites W2050031929 @default.
- W3124103672 cites W2056238342 @default.
- W3124103672 cites W2056672581 @default.
- W3124103672 cites W2078390365 @default.
- W3124103672 cites W2079231246 @default.
- W3124103672 cites W2087660433 @default.
- W3124103672 cites W2100455342 @default.
- W3124103672 cites W2104640390 @default.
- W3124103672 cites W2108491286 @default.
- W3124103672 cites W2111562586 @default.
- W3124103672 cites W2135241016 @default.
- W3124103672 cites W2141139383 @default.
- W3124103672 cites W2151458238 @default.
- W3124103672 cites W2164320228 @default.
- W3124103672 cites W2165101586 @default.
- W3124103672 cites W2166593106 @default.
- W3124103672 cites W2480930923 @default.
- W3124103672 cites W2738776643 @default.
- W3124103672 cites W2887416572 @default.
- W3124103672 cites W2892311197 @default.
- W3124103672 cites W3003883893 @default.
- W3124103672 cites W3022248576 @default.
- W3124103672 cites W3022435380 @default.
- W3124103672 cites W3121167872 @default.
- W3124103672 cites W3121345957 @default.
- W3124103672 cites W3121787517 @default.
- W3124103672 cites W3121932092 @default.
- W3124103672 cites W3122004641 @default.
- W3124103672 cites W3122042469 @default.
- W3124103672 cites W3122710525 @default.
- W3124103672 cites W3123389673 @default.
- W3124103672 cites W3123503769 @default.
- W3124103672 cites W3123580916 @default.
- W3124103672 cites W3124062128 @default.
- W3124103672 cites W3124125555 @default.
- W3124103672 cites W3124137903 @default.
- W3124103672 cites W3124184465 @default.
- W3124103672 cites W3124663273 @default.
- W3124103672 cites W3124859355 @default.
- W3124103672 cites W3125198524 @default.
- W3124103672 cites W3125593883 @default.
- W3124103672 cites W3125654204 @default.
- W3124103672 cites W3126077399 @default.
- W3124103672 cites W4211207327 @default.
- W3124103672 doi "https://doi.org/10.1093/rfs/hhy108" @default.
- W3124103672 hasPublicationYear "2018" @default.
- W3124103672 type Work @default.
- W3124103672 sameAs 3124103672 @default.
- W3124103672 citedByCount "71" @default.
- W3124103672 countsByYear W31241036722016 @default.
- W3124103672 countsByYear W31241036722017 @default.
- W3124103672 countsByYear W31241036722018 @default.
- W3124103672 countsByYear W31241036722019 @default.
- W3124103672 countsByYear W31241036722020 @default.
- W3124103672 countsByYear W31241036722021 @default.
- W3124103672 countsByYear W31241036722022 @default.
- W3124103672 countsByYear W31241036722023 @default.
- W3124103672 crossrefType "journal-article" @default.
- W3124103672 hasAuthorship W3124103672A5031996018 @default.
- W3124103672 hasAuthorship W3124103672A5057084828 @default.
- W3124103672 hasAuthorship W3124103672A5079247808 @default.
- W3124103672 hasBestOaLocation W31241036722 @default.
- W3124103672 hasConcept C10138342 @default.
- W3124103672 hasConcept C121955636 @default.
- W3124103672 hasConcept C144133560 @default.
- W3124103672 hasConcept C162324750 @default.
- W3124103672 hasConcept C183178474 @default.
- W3124103672 hasConcept C34447519 @default.
- W3124103672 hasConcept C39389867 @default.
- W3124103672 hasConceptScore W3124103672C10138342 @default.
- W3124103672 hasConceptScore W3124103672C121955636 @default.
- W3124103672 hasConceptScore W3124103672C144133560 @default.
- W3124103672 hasConceptScore W3124103672C162324750 @default.
- W3124103672 hasConceptScore W3124103672C183178474 @default.