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CEO Compensation and Returns to Public and Private Acquisitions: Testing the Shareholder Value Hypothesis (view source)
Revision as of 17:04, 10 February 2021
, 17:04, 10 February 2021→Ed To Do
*MA activity 2016 to 2020
*Take a look at the dynamic panel
====Institutional Investors====
Hartzell Starks (2000) - Institutional Investors and Executive Compensation:
*we obtain institutional equity holdings for each year between December 1991 and December 1996 from the CDA Spectrum database. CDA Spectrum derives these holdings from institutional investors’ 13-f filings. (Institutional investors with more than $100 million in equities must report their equity ownership to the SEC in quarterly 13-f filings)
David Kochhar Levitas (1998) - The effect of institutional investors on the level and mix of CEO compensation:
*Money Market Directory, Moody's Bank and Finance Manual, Nelson's Directory of Investment Managers
*Blockholders (shareholders with greater than 5%) provide better governance
Bebchuk Cohen Hirst (2017) - The Agency Problems of Institutional Investors:
*References data from FactSet Ownership database
Lewellen (2011) - Institutional investors and the limits of arbitrage:
*The CDA/Spectrum database is compiled from institutions’ 13F filings with the Securities and Exchange Commission (SEC).
*according to quarterly 13F filings compiled by Thomson Financial... though not exclusively [see the Wharton Research Data
Services (WRDS) User Guide for details].
Bloom Klein (2012) - Institutional Investors and Stock Market Liquidity:
*Any financial institution exercising discretionary management of investment portfolios over $100 million in qualified securities is required to report those holdings quarterly to the SEC using Form 13F. Qualified securities include stocks listed for trading in the US, among other securities. These filings, compiled quarterly by Thomson/CDA and available through Wharton Research Data Services (WRDS), are the source of the stock holdings used in this study for the period 1980 to 2010.
===Restoring the old data===
