Date of Award
1-6-2023
Degree Type
Dissertation
Degree Name
Doctor of Philosophy (PhD)
Department
Finance
First Advisor
Vikas Agarwal
Second Advisor
Mark Chen
Third Advisor
Omesh Kini
Fourth Advisor
Sean Cao
Abstract
In this paper, I investigate the impact of diversified institutional ownership on firm innovation. I find that innovation productivity improves along with an increase in ownership by diversified institutions. This result is supported by a natural experiment design based on financial institution mergers. The results are consistent with the hypothesis that information complementarity drives the higher innovation productivity of firms held by institutional investors with diversified portfolios.
DOI
https://doi.org/10.57709/32683940
Recommended Citation
Huang, Yen-Lin, "Diversified Institutional Ownership and Firm Innovation." Dissertation, Georgia State University, 2023.
doi: https://doi.org/10.57709/32683940
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