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Cited by 664

The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.

Ownership Structure, Speculation, and Shareholder Intervention

Open access
Kahn, Charles, Winton, Andrew·1998·The Journal of Finance
DOI 10.1111/0022-1082.45483
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Abstract

An institution holding shares in a firm can use information about the firm both for trading (“speculation”) and for deciding whether to intervene to improve firm performance. Intervention increases the value of the institution's existing shareholdings, but intervention only increases the institution's trading profits if it enhances the precision of the institution's information relative to that of uninformed traders. Thus, the ability to speculate can increase or decrease institutional intervention. We examine key factors that affect the intervention decision, the usefulness of “short‐swing” provisions and restricted shares in encouraging institutional intervention, and implications for ownership structure across different firms.

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Metadata

Authors
Kahn, C., & Winton, A.
Venue
The Journal of Finance
Publisher
Wiley
Published
1998-02
Volume
53
Issue
1
Pages
99-129
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/0022-1082.45483
OpenAlex
W2107735123
Cited by
664
References
1
FWCI
37.66
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: Ownership Structure, Speculation, and Shareholder Intervention. https://app.cochat.ai/papers/10.1111/0022-1082.45483
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Kahn, C., & Winton, A. (1998). Ownership Structure, Speculation, and Shareholder Intervention. The Journal of Finance. https://doi.org/10.1111/0022-1082.45483

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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.