The Influence of Institutional Ownership on Firm Performance

Student: Ellen Kim

Educational Programme: Strategic Corporate Finance (Master)

Year of Graduation: 2024

Over the past decades, institutional investors have emerged as major shareholders in most large companies, significantly impacting corporate governance and firm performance. This paper examines the relationship between blockholder institutional ownership and firm performance, with a particular focus on the role of the world's largest institutional investors. We use the data from non-financial S&P 500 companies for the period from 2000 to 2020. Our findings indicate that institutional blockholders generally have a negative influence on both firm performance and innovation. This research contributes to our understanding of the complex dynamics between top-tier institutional ownership and corporate strategy, highlighting the dual role of investor influence during varying economic conditions.

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