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Equity Mispricing, Firms' Innovation and Institutional Investors.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Equity Mispricing, Firms' Innovation and Institutional Investors./
Author:	Sakaki, Hamid.
Description:	1 online resource (89 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 79-02(E), Section: A.
Contained By:	Dissertation Abstracts International79-02A(E).
Subject:	Finance. -
Online resource:	click for full text (PQDT)
ISBN:	9780355371772

Equity Mispricing, Firms' Innovation and Institutional Investors.
Sakaki, Hamid.

Equity Mispricing, Firms' Innovation and Institutional Investors. - 1 online resource (89 pages)

Source: Dissertation Abstracts International, Volume: 79-02(E), Section: A.

Thesis (Ph.D.)

Includes bibliographical references

First essay has two primary objectives. First, I investigate the relation between institutional investors and firms' innovation activities and second, the impact of different types of institutional investors on firms' innovation by classifying institutional investors into five groups. After controlling for other determinants of innovation, the results show that higher institutional ownership stability boosts innovation activities measured by the number of patents and citations. The results also indicate that banks, insurance, and investment companies have a positive and significant effect on firms' innovation, while investment advisors could affect innovation activities negatively. Moreover, when I classify the institutional investors based on the degree of their activism level, the results reveal that more active institutional investors tend exacerbate the firms' innovation, while most passive institutional investors don't have any statistically significant effect on patent activities.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780355371772Subjects--Topical Terms:

559073
Finance.
Index Terms--Genre/Form:

554714
Electronic books.

Equity Mispricing, Firms' Innovation and Institutional Investors.
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100 1 $a Sakaki, Hamid. $3 1183478
245 1 0 $a Equity Mispricing, Firms' Innovation and Institutional Investors.
264 0 $c 2017
300 $a 1 online resource (89 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
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500 $a Source: Dissertation Abstracts International, Volume: 79-02(E), Section: A.
500 $a Adviser: Dave Jackson.
502 $a Thesis (Ph.D.) $c The University of Texas Rio Grande Valley $d 2017.
504 $a Includes bibliographical references
520 $a First essay has two primary objectives. First, I investigate the relation between institutional investors and firms' innovation activities and second, the impact of different types of institutional investors on firms' innovation by classifying institutional investors into five groups. After controlling for other determinants of innovation, the results show that higher institutional ownership stability boosts innovation activities measured by the number of patents and citations. The results also indicate that banks, insurance, and investment companies have a positive and significant effect on firms' innovation, while investment advisors could affect innovation activities negatively. Moreover, when I classify the institutional investors based on the degree of their activism level, the results reveal that more active institutional investors tend exacerbate the firms' innovation, while most passive institutional investors don't have any statistically significant effect on patent activities.
520 $a Second essay examines the impact of intuitional investors on equity mispricing by considering their stability, proportion and investment horizon. I find that intuitional ownership stability and proportion can mitigate equity mispricing. Furthermore, by classifying institutional investors to short-term and long-term based on their investment horizon, the results show that long-term institutional investors reduce equity mispricing. In contrast, short-term institutional investors promote equity mispricing.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Finance. $3 559073
650 4 $a Canadian history. $3 1183479
655 7 $a Electronic books. $2 local $3 554714
690 $a 0508
690 $a 0334
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a The University of Texas Rio Grande Valley. $b Department of Economics and Finance. $3 1182928
773 0 $t Dissertation Abstracts International $g 79-02A(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10286099 $z click for full text (PQDT)