I study how financial markets react to unexpected corporate security breaches in the short
and the long-term. The main results show that daily excess returns drop, trading volume …

This literature review aims to address the critical knowledge gap in the field of share
repurchase executions, a financial activity involving companies repurchasing trillions of …

Abstract Exchange Traded Funds (ETFs) have often tracked indices and charged low fees
so their incentives to improve firm performance are questionable although little empirical …

The diversity of ETF products and their trading adaptability provide an effective means to
optimize investment portfolios and enhance capital allocation efficiency, thereby better …

This article investigates the impact of exchange-traded fund (ETF) ownership on seasoned
equity offerings (SEOs). We find that increases to firms' ETF ownership is positively related to …

We show that passive ownership can reduce agency costs and affect corporate governance
using novel data of a central bank's ETF purchasing program as a source of a cross …

本研究使用2017 年至2023 年間臺灣上市櫃公司的資料, 分析指數股票型基金持股對公司現金
政策之影響及其原因. 研究結果顯示, 當公司被更多的指數股票型基金持有時 …

This paper offers an innovative and robust exploration of share buyback execution
strategies, unveiling three previously unrecognized anomalies that cast doubts on traditional …

This study examines the impact of exchange-traded funds (ETFs) on firm innovation. Using
data from China, we find that ETFs have a positive impact on firm innovation. Firms with high …

This paper investigates the effect of exchange-traded funds (ETFs) on the ESG performance
of their underlying firms. Using data from China, we find that ETFs enhance the ESG …