The DOI matches its Crossref record; 53 of the 53 references it cites were found in a registry or an index.
Do exogenous changes in passive institutional ownership affect corporate governance and firm value?
Open accessOverview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers
Jensen, M. C. (1986) · Cited by 17,275
Financial intermediation and delegated monitoring
Diamond, D. W. (1984) · The Review of Economic Studies · doi:10.2307/2297430 · Cited by 8,476
Large Shareholders and Corporate Control
Shleifer, A., & Vishny, R. W. (1986) · Journal of Political Economy · doi:10.1086/261385 · Cited by 8,408
Higher market valuation of companies with a small board of directors
Yermack, D. (1996) · Journal of Financial Economics · doi:10.1016/0304-405x(95)00844-5 · Cited by 6,603
Corporate Governance and Equity Prices
Gompers, P., Ishii, J., & Metrick, A. (2003) · The Quarterly Journal of Economics · doi:10.1162/00335530360535162 · Cited by 6,120
Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500
Anderson, R. C., & Reeb, D. M. (2003) · The Journal of Finance · doi:10.1111/1540-6261.00567 · Cited by 5,122
Regression discontinuity designs in economics
Lee, D. S., & Lemieux, T. (2010) · Journal of Economic Literature · doi:10.1257/jel.48.2.281 · Cited by 4,534
Institutional Investors and Executive Compensation
Hartzell, J. C., & Starks, L. T. (2003) · The Journal of Finance · doi:10.1046/j.1540-6261.2003.00608.x · Cited by 2,005
Innovation and Institutional Ownership
Aghion, P., Van Reenen, J., & Zingales, L. (2013) · American Economic Review · doi:10.1257/aer.103.1.277 · Cited by 1,938
Monitoring: Which institutions matter?
Chen, X., Harford, J., & Li, K. (2007) · Journal of Financial Economics · doi:10.1016/j.jfineco.2006.09.005 · Cited by 1,864
Cited by
Anticompetitive Effects of Common Ownership
AZAR, J., SCHMALZ, M. C., & TECU, I. (2018) · The Journal of Finance · doi:10.1111/jofi.12698 · Cited by 980
Are institutional investors with multiple blockholdings effective monitors?
Kang, J.-K., Luo, J., & Na, H. S. (2018) · Journal of Financial Economics · doi:10.1016/j.jfineco.2018.03.005 · Cited by 412
Common Institutional Ownership and Earnings Management*
Ramalingegowda, S., Utke, S., & Yu, Y. (2021) · Contemporary Accounting Research · doi:10.1111/1911-3846.12628 · Cited by 293
Investment-less Growth: An Empirical Investigation
Gutiérrez, G., & Philippon, T. (2016) · doi:10.3386/w22897 · Cited by 286
Institutional investors' horizons and corporate employment decisions
Ghaly, M., Dang, V. A., & Stathopoulos, K. (2020) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2020.101634 · Cited by 253
Metadata
- Authors
- Schmidt, C., & Fahlenbrach, R.
- Venue
- Journal of Financial Economics
- Publisher
- Elsevier BV
- Published
- 2017-05
- Volume
- 124
- Issue
- 2
- Pages
- 285-306
- ISSN
- 0304-405X (ISSN-L)
- OpenAlex
- W3125071619
- Cited by
- 365
- References
- 53
- FWCI
- 116.14
- Type
- journal article
- Language
- en
- Open access
- bronze
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Do exogenous changes in passive institutional ownership affect corporate governance and firm value? https://app.cochat.ai/papers/10.1016/j.jfineco.2017.01.005
- The paper
- Schmidt, C., & Fahlenbrach, R. (2017). Do exogenous changes in passive institutional ownership affect corporate governance and firm value? Journal of Financial Economics. https://doi.org/10.1016/j.jfineco.2017.01.005
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.