| Record ID | marc_loc_updates/v39.i49.records.utf8:16072542:1907 |
| Source | Library of Congress |
| Download Link | /show-records/marc_loc_updates/v39.i49.records.utf8:16072542:1907?format=raw |
LEADER: 01907nam a22003017a 4500
001 2011657334
003 DLC
005 20111129183053.0
007 cr |||||||||||
008 111129s2011 mau sb 000 0 eng
010 $a 2011657334
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aBecker, Bo.
245 10 $aEstimating the effects of large shareholders using a geographic instrument$h[electronic resource] /$cBo Becker, Henrik Cronqvist, Rüdiger Fahlenbrach.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2011.
490 1 $aNBER working paper series ;$vworking paper 17393
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 11/29/2011.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Large shareholders may play an important role for firm performance and policies, but identifying this empirically presents a challenge due to the endogeneity of ownership structures. We develop and test an empirical framework which allows us to separate selection from treatment effects of large shareholders. Individual blockholders tend to hold blocks in public firms located close to where they reside. Using this empirical observation, we develop an instrument - the density of wealthy individuals near a firm's headquarters - for the presence of a large, non-managerial individual shareholder in a firm. These shareholders have a large impact on firms, controlling for selection effects"--National Bureau of Economic Research web site.
700 1 $aCronqvist, Henrik.
700 1 $aFahlenbrach, Rüdiger.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 17393.
856 40 $uhttp://www.nber.org/papers/w17393