Please use this identifier to cite or link to this item:
https://hdl.handle.net/20.500.14279/22876
DC Field | Value | Language |
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dc.contributor.author | Andreou, Panayiotis | - |
dc.contributor.author | Fiordelisi, Franco | - |
dc.contributor.author | Harris, Terry | - |
dc.contributor.author | Philip, Dennis | - |
dc.date.accessioned | 2021-08-25T08:59:00Z | - |
dc.date.available | 2021-08-25T08:59:00Z | - |
dc.date.issued | 2021 | - |
dc.identifier.citation | British Journal of Management, 2021 | en_US |
dc.identifier.issn | 14678551 | - |
dc.identifier.uri | https://hdl.handle.net/20.500.14279/22876 | - |
dc.description.abstract | This paper provides evidence on the impact of transient (short-term) institutional investors on a firm's thrust to compete. A firm's thrust to compete, as an attribute of corporate culture, captures the relative importance of corporate values that push a firm to achieve shareholder value in the short term by emphasizing goal achievement, fast response to external information and enhanced competitiveness. We find that greater ownership by transient investors results in firms intensifying their future thrust to compete, suggesting that firms respond to these investors’ preferences and competitive pressures for achieving short-term value creation. In line with our expectations, this effect is not observed for firms with greater ownership by long-horizon institutional investors, who are incentivized to place their emphasis on long-term firm value over short-term gains. Our findings reveal that the composition of institutional ownership influences the organizational culture of firms in a non-homogeneous way. As such, we provide significant empirical insights for the ongoing debate on the implications arising from the behind-the-scenes engagement of institutional investors with management. | en_US |
dc.format | en_US | |
dc.language.iso | en | en_US |
dc.relation.ispartof | British Journal of Management | en_US |
dc.rights | This is an open access article under the terms of the Creative Commons Attribution-NonCommercial License. | en_US |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 International | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | * |
dc.subject | Shareholder activism | en_US |
dc.subject | Institutional investors | en_US |
dc.subject | Blockholders | en_US |
dc.title | Institutional Ownership and Firms’ Thrust to Compete | en_US |
dc.type | Article | en_US |
dc.collaboration | Cyprus University of Technology | en_US |
dc.collaboration | University of Essex | en_US |
dc.collaboration | University of Rome III | en_US |
dc.collaboration | Durham University | en_US |
dc.subject.category | Economics and Business | en_US |
dc.journals | Open Access | en_US |
dc.country | Cyprus | en_US |
dc.country | United Kingdom | en_US |
dc.country | Italy | en_US |
dc.subject.field | Social Sciences | en_US |
dc.publication | Peer Reviewed | en_US |
dc.identifier.doi | 10.1111/1467-8551.12496 | en_US |
dc.identifier.scopus | 2-s2.0-85102636604 | - |
dc.identifier.url | https://api.elsevier.com/content/abstract/scopus_id/85102636604 | - |
cut.common.academicyear | 2020-2021 | en_US |
item.fulltext | With Fulltext | - |
item.cerifentitytype | Publications | - |
item.grantfulltext | open | - |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
item.openairetype | article | - |
item.languageiso639-1 | en | - |
crisitem.journal.journalissn | 1467-8551 | - |
crisitem.journal.publisher | Wiley | - |
crisitem.author.dept | Department of Finance, Accounting and Management Science | - |
crisitem.author.faculty | Faculty of Tourism Management, Hospitality and Entrepreneurship | - |
crisitem.author.orcid | 0000-0001-5742-0311 | - |
crisitem.author.parentorg | Faculty of Management and Economics | - |
Appears in Collections: | Άρθρα/Articles |
Files in This Item:
File | Description | Size | Format | |
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1467-8551.12496.pdf | Fulltext | 712.81 kB | Adobe PDF | View/Open |
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