We would like to thank Eli Berkovitch, Alon Brav, Stuart Gillan, Paul Gompers, Jay Hartzell, Erik Hughson, Murali Jaganathan, Michael Roberts, Kristian Rydqvist, Laura Starks, Jaime Zender, Guofu Zhou, an anonymous referee, and seminar participants at the AFA meeting 2003, Cornell University, University of Colorado at Boulder, Duke University, Tel-Aviv University, Georgetown University, and SUNY Binghamton for their helpful comments.
Institutional Holdings and Payout Policy
Article first published online: 3 MAY 2005
The Journal of Finance
Volume 60, Issue 3, pages 1389–1426, June 2005
How to Cite
GRINSTEIN, Y. and MICHAELY, R. (2005), Institutional Holdings and Payout Policy. The Journal of Finance, 60: 1389–1426. doi: 10.1111/j.1540-6261.2005.00765.x
- Issue published online: 3 MAY 2005
- Article first published online: 3 MAY 2005
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