NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Estimating the Effects of Large Shareholders Using a Geographic Instrument

Bo Becker, Henrik Cronqvist, Rüdiger Fahlenbrach

NBER Working Paper No. 17393
Issued in September 2011

---- Acknowledgements -----

The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. Fahlenbrach gratefully acknowledges financial support from the Charles A. Dice Center for Research in Financial Economics and the Swiss Finance Institute.

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