We find that clawback provision adoption travels across common ownership peers (i.e., firms that share at least one common owner) above and beyond other peer effects, including industry, geographical location, and board interlock. However, the peer effect is absent when the common owner is not...

We study the effect of supplier firms’ atomistic ownership structure on trade credit provision. We find that atomistic-shareholder (AS) firms, which are characterized by the absence of a controlling family shareholder, provide more trade credit than matched firms controlled by founding...

We analyze the role of common equity blockholders in fostering the formation of strategic alliances, establish a positive causal effect of strategic alliances on corporate innovation, and analyze the channels through which strategic alliances foster innovation. Our findings may be summarized as...

In this paper, we analyze the effects of common institutional blockholders (CIBs) on the dividend policies of investee firms. We find that firms are more likely to pay dividends (and pay larger dividends) when dividends are more prevalent among other firms held by a CIB. We establish causality...