Abstract
The paper analyses the relationship between share pledging and firm performance and explores the influence of the monitoring mechanism on share pledging using the Indian dataset. The data set includes BSE Midcap firms from March 2009 to March 2019. Following Two-way Fixed Effect Model (2FE) with lagged dependent variables (LDV), we conclude that pledging activity is positively associated with stock volatility and institutional-holding serves as a monitoring mechanism for share pledging.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
