Date of Award
Doctor of Philosophy (PhD)
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.
Huang, Yen-Lin, "Diversified Institutional Ownership and Firm Innovation." Dissertation, Georgia State University, 2023.
File Upload Confirmation
Available for download on Tuesday, December 12, 2023