Saturday, August 20, 2011, 10:30-12:15 pm; Corporate Finance Empirical
Institutional Investors - B2

Session Chair: Isil Erel, The Ohio State University

• The Role of Institutional Investors in Voting: Evidence from the Securities Lending Market PDF
  Reena Aggarwal¹, Pedro Saffi², Jason Sturgess¹
  Georgetown University¹; University of Cambridge & IESE Business School²
  • Discussant: Susan Christoffersen, University of Toronto

• Behind the Scenes: The Corporate Governance Preferences of Institutional Investors PDF
  Joseph McCahery¹, Zacharias Sautner², Laura Starks³
  Tilburg University¹; University of Amsterdam²; University of Texas - Austin³
  • Discussant: Yrjo Koskinen, Boston University

• The Sources of Value Destruction in Acquisitions by Entrenched Managers PDF
  Jarrad Harford¹, Mark Humphery-Jenner², Ronan Powell²
  University of Washington¹; University of New South Wales²
  • Discussant: Pedro Matos, University of Virginia