Use this URL to cite or link to this record in EThOS: https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.765715
Title: Institutional shareholders preferences on corporate governance
Author: Brandon, Sonia
ISNI:       0000 0004 7651 7276
Awarding Body: University of Portsmouth
Current Institution: University of Portsmouth
Date of Award: 2018
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Abstract:
The study examines the association between institutional shareholdings in FTSE ALL Share firms and corporate governance from 2006 to 2010. Institutions are believed to invest in firms with better corporate governance, to help meet their fudiary duties. The evidence is consistent with this view, that institutional investors do tilt their portfolios' to firms with better governance. However, when examining ownership at various levels only block-ownership at ≤10% had a positive significant association to corporate governance. It was also found that institutional shareholder became more sensitive after the 2007-8 financial crisis. Finally, when exploring the association for different types of institution, it was found that investment advisors and hedge funds were the most sensitive to corporate governance. The study provides a contribution to knowledge on institutional ownership, as it provides the first evidence on the institutional investor preferences on corporate governance within the UK and which elements are the most important to institutions.
Supervisor: Pagas, Paraskevas Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID: uk.bl.ethos.765715  DOI: Not available
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