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Institutional holdings of common stock, 1900-2000
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The article was published on 1971-01-01 and is currently open access. It has received 10 citations till now. The article focuses on the topics: Stock exchange & Restricted stock.read more
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Realized Returns on Common Stock Investments: The Experience of Individual Investors
TL;DR: In this article, the authors present data on the investment experiences of a large and representative sample of individual investors, based on a 7-year history of actual trading behavior, which suggest some reasonable skill in security selection, particularly in connection with short-term trading cycles.
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The common‐stock‐portfolio performance record of individual investors: 1964–70
TL;DR: In this article, the authors compare the performance of individual investors and professional portfolio managers in a seven-year interval from 1964 through 1970, and find that on average, the individual investors obtained returns commensurate with the amount of systematic risk they assumed, as did the mutual funds in the sample.
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Where Berle and Means went wrong: a reassessment of capital market agency and financial reporting
Robert Bricker,Nandini Chandar +1 more
TL;DR: The authors assesses the effects of Berle and Means' study of the separation of corporate ownership from control on corporate financial reporting theory, research and policy, and finds that investment fund influence and control over companies is pervasive and probably a common characteristic of modern capital markets, and suggests that our understanding of capital markets may be improved by studying and portraying more diverse types of parties and their relationships than just managers and owners.
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The Effect of Shifting Wealth Ownership on the Term Structure of Interest Rates: The Case of Pensions
TL;DR: In this paper, partial-equilibrium simulation experiments based on a model of the U. S. long-term bond market indicate that redistributions of saving flows from individuals to pension funds, in plausible magnitudes, can have major effects on the term structure of interest rates.