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Corporate Governance And Institutional Investors: Implications For Latin America

  • LAURA T. STARKS

    (University of Texas at Austin)

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    This paper provides an overview of the role of institutional investors in financial markets and in particular their role in the governance of corporations. The paper presents the theoretical and empirical evidence regarding the consequences of institutional investor trading and ownership on aspects of financial markets such as stock returns, volatility and response to corporate announcements. Also included is evidence concerning corporate governance and institutional investor monitoring. The paper concludes with implications of this evidence for the evolution of financial markets and corporate governance in Latin American.

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    File URL: http://eacc10.puc.cl/files/ABT/Contenidos/Vol-2-N2/4%20Stark.pdf
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    Article provided by Escuela de Administracion. Pontificia Universidad Católica de Chile. in its journal ABANTE.

    Volume (Year): 2 (2000)
    Issue (Month): 2 ()
    Pages: 161-181

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    Handle: RePEc:pch:abante:v:2:y:2000:i:2:p:161-181
    Contact details of provider: Web page: http://eacc10.puc.cl/RePEc/pch/

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