Clifford G. Holderness

Boston College - Department of Finance

Professor of Finance

Carroll School of Management

140 Commonwealth Avenue

Chestnut Hill, MA 02467-3808

United States

SCHOLARLY PAPERS

27

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13,485

CITATIONS
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SSRN RANKINGS

Top 2,429

in Total Papers Citations

198

Scholarly Papers (27)

1.

A Survey of Blockholders and Corporate Control

Economic Policy Review, Vol. 9, No. 1, April 2003
Number of pages: 14 Posted: 07 Sep 2001
Clifford G. Holderness
Boston College - Department of Finance
Downloads 2,856 (3,884)
Citation 132

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Large-block shareholders, corporate control

2.
Downloads 2,271 ( 5,709)
Citation 24

Blockholders: A Survey of Theory and Evidence

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 475/2016
Number of pages: 127 Posted: 13 Aug 2016 Last Revised: 08 Jul 2019
Alex Edmans and Clifford G. Holderness
London Business School - Institute of Finance and Accounting and Boston College - Department of Finance
Downloads 2,269 (5,611)
Citation 28

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Large shareholders, blockholders, governance, voice, activism, exit, microstructure, property rights

Blockholders: A Survey of Theory and Evidence

CEPR Discussion Paper No. DP11442
Number of pages: 102 Posted: 22 Aug 2016
Alex Edmans and Clifford G. Holderness
London Business School - Institute of Finance and Accounting and Boston College - Department of Finance
Downloads 2 (661,029)
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activism, blockholders, exit, governance, Large shareholders, microstructure, property rights., voice

3.

The Block Pricing Puzzle

Simon School of Business Working Paper No. FR 01-05
Number of pages: 46 Posted: 09 Apr 2001
Michael J. Barclay, Clifford G. Holderness and Dennis P. Sheehan
University of Rochester - Simon School (Deceased), Boston College - Department of Finance and Pennsylvania State University
Downloads 1,529 (11,055)
Citation 27

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Negotiated block trades, private placements, block pricing, discounts, premiums

4.

The Logic of the First Amendment

Harvard Business School NOM Unit Working Paper No. 00-01
Number of pages: 40 Posted: 05 Mar 2000 Last Revised: 17 Jan 2011
Clifford G. Holderness, Michael C. Jensen and William H. Meckling
Boston College - Department of Finance, Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 1,105 (18,373)

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Freedom, First Amendment, property rights, externality, physical incompatibility, scarce rights, non-scarce rights, constitutional law

5.

Private Placements and Managerial Entrenchment

Journal of Corporate Finance, Forthcoming, AFA 2004 San Diego Meetings Paper
Number of pages: 45 Posted: 29 Nov 2003
Michael J. Barclay, Clifford G. Holderness and Dennis P. Sheehan
University of Rochester - Simon School (Deceased), Boston College - Department of Finance and Pennsylvania State University
Downloads 866 (26,267)
Citation 62

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G32, G34

6.

Analysis of Alternative Standing Doctrines

International Review of Law and Economics, Vol. 6, 1986, Harvard Business School NOM Unit Working Paper No. 1986
Number of pages: 22 Posted: 17 Aug 2000 Last Revised: 17 Jan 2011
Michael C. Jensen, William H. Meckling and Clifford G. Holderness
Harvard Business School, Simon School, University of Rochester (Deceased) and Boston College - Department of Finance
Downloads 862 (26,442)
Citation 2

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standing, legal doctrine, U.S. Supreme Court, rights, efficiency, transaction costs, alienability

7.

Myth of Diffuse Ownership in the United States

Review of Financial Studies, Forthcoming
Number of pages: 47 Posted: 06 Jun 2007
Clifford G. Holderness
Boston College - Department of Finance
Downloads 858 (26,620)
Citation 140

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Ownership Concentration, Blockholders

8.

Dividends and Dominant Corporate Shareholders

AFA 2004 San Diego Meetings
Number of pages: 47 Posted: 29 Nov 2003
Michael J. Barclay, Clifford G. Holderness and Dennis P. Sheehan
University of Rochester - Simon School (Deceased), Boston College - Department of Finance and Pennsylvania State University
Downloads 582 (45,065)
Citation 7

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9.

Do Differences in Legal Protections Explain Differences in Ownership Concentration?

Number of pages: 61 Posted: 10 Mar 2008
Clifford G. Holderness
Boston College - Department of Finance
Downloads 475 (58,349)
Citation 7

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Ownership Concentration, Legal Origins, Investor Protections

10.
Downloads 427 ( 66,401)
Citation 23

Dividends and Corporate Shareholders

Review of Financial Studies, Forthcoming
Number of pages: 66 Posted: 05 Jun 2007
Michael J. Barclay, Clifford G. Holderness and Dennis P. Sheehan
University of Rochester - Simon School (Deceased), Boston College - Department of Finance and Pennsylvania State University
Downloads 427 (65,765)
Citation 23

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Dividends, Corporate Blockholders, Taxes

Dividends and Corporate Shareholders

The Review of Financial Studies, Vol. 22, Issue 6, pp. 2423-2455, 2009
Posted: 01 Jun 2009
Michael J. Barclay, Clifford G. Holderness and Dennis P. Sheehan
University of Rochester - Simon School (Deceased), Boston College - Department of Finance and Pennsylvania State University

Abstract:

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G30, G32, G35

11.

The Case for Restricting Access to Courts

MERC Working Paper No. 81-06, Harvard Business School NOM Unit Working Paper No. 1981
Number of pages: 40 Posted: 28 Dec 2004 Last Revised: 17 Jan 2011
Michael C. Jensen, William H. Meckling and Clifford G. Holderness
Harvard Business School, Simon School, University of Rochester (Deceased) and Boston College - Department of Finance
Downloads 336 (87,916)

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standing, stare decisis, res judicata, collateral estoppel, Coase Theorem, courts, legal system, efficiency, adjudication, rights, externalities

12.

Joint Ownership and Alienability

Number of pages: 34 Posted: 26 May 2000
Clifford G. Holderness
Boston College - Department of Finance
Downloads 254 (118,786)
Citation 6

Abstract:

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13.

Equity Issuances and Agency Costs: The Telling Story of Shareholder Approval Around the World

Number of pages: 81 Posted: 21 Jul 2017
Clifford G. Holderness
Boston College - Department of Finance
Downloads 230 (131,247)
Citation 12

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Equity Issuances, Seasoned Equity Offerings (SEOs), Agency Costs, Mandatory Shareholder Voting, Corporate Governance

14.

Shareholder Nonparticipation in Valuable Rights Offerings

Number of pages: 41 Posted: 11 Nov 2012 Last Revised: 09 Jan 2013
Clifford G. Holderness and Jeffrey Pontiff
Boston College - Department of Finance and Boston College - Department of Finance
Downloads 196 (152,832)
Citation 8

Abstract:

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rights offering, shareholder heterogeneity, wealth transfers

15.

On the Conceptual Inadequacy of the Original Cost Regulatory System

Harvard NOM Working Paper
Number of pages: 16 Posted: 19 Oct 2005
Michael C. Jensen, Fischer Black and Clifford G. Holderness
Harvard Business School, Sloan School of Management, MIT (Deceased) and Boston College - Department of Finance
Downloads 188 (158,712)

Abstract:

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regulatory systems, inflation, interest rates, price index, market rate

16.

Hierarchies and the Survival of POWs during WWII

Management Science, Forthcoming
Number of pages: 32 Posted: 24 Feb 2009 Last Revised: 29 Aug 2012
Clifford G. Holderness and Jeffrey Pontiff
Boston College - Department of Finance and Boston College - Department of Finance
Downloads 172 (171,900)

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Hierarchy, centralization, decentralization, markets

17.

Standing

New Palgrave Dictionary of Economics and the Law, 1999
Number of pages: 9 Posted: 11 Oct 1998
Clifford G. Holderness
Boston College - Department of Finance
Downloads 135 (210,258)

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18.

Constraints on Large-Block Shareholders

NBER Working Paper No. w6765
Number of pages: 43 Posted: 19 Dec 1998 Last Revised: 10 Oct 2010
Clifford G. Holderness and Dennis P. Sheehan
Boston College - Department of Finance and Pennsylvania State University
Downloads 81 (299,155)
Citation 7

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Were the Good Old Days that Good? Changes in Managerial Stock Ownership Since the Great Depression

NBER Working Paper No. w6550
Number of pages: 55 Posted: 10 Jun 2000 Last Revised: 10 Apr 2008
Clifford G. Holderness, Randall S. Kroszner and Dennis P. Sheehan
Boston College - Department of Finance, Booth School of Business, University of Chicago and Pennsylvania State University
Downloads 57 (366,570)
Citation 3

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Were the Good Old Days that Good? Changes in Managerial Stock Ownership Since the Great Depression

Journal of Finance
Posted: 15 May 1998
Clifford G. Holderness, Randall S. Kroszner and Dennis P. Sheehan
Boston College - Department of Finance, Booth School of Business, University of Chicago and Pennsylvania State University

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20.

Blockholders are More Common in the United States than You Might Think

Journal of Applied Corporate Finance, Vol. 22, Issue 4, pp. 75-85, 2010
Number of pages: 13 Posted: 03 Jan 2011
Clifford G. Holderness
Boston College - Department of Finance
Downloads 4 (613,096)
Citation 1
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21.

The Effect of Shareholder Approval of Equity Issuances Around the World

Journal of Applied Corporate Finance, Vol. 31, Issue 1, pp. 23-41, 2019
Number of pages: 21 Posted: 14 May 2019
Clifford G. Holderness
Boston College - Department of Finance
Downloads 1 (643,651)
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22.

Problems Using Aggregate Data to Infer Individual Behavior: Evidence from Law, Finance, and Ownership Concentration

Critical Finance Review, Vol. 5, No. 1, 2016
Posted: 13 May 2016
Clifford G. Holderness
Boston College - Department of Finance

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Aggregation Bias, Law and Finance, Ownership Concentration

23.

Law and Ownership Reexamined

Critical Finance Review, Vol. 5, No. 1, 2016
Posted: 13 May 2016
Clifford G. Holderness
Boston College - Department of Finance

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Law and Finance, Ownership Concentration, Investors' Legal Protections

24.

Culture and the Ownership Concentration of Public Corporations Around the World

Journal of Corporate Finance, Forthcoming
Posted: 16 Feb 2016
Clifford G. Holderness
Boston College - Department of Finance

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Ownership concentration, Culture, Egalitarianism, Religion, Trust, Armen Alchian

25.

The Myth of Diffuse Ownership in the United States

The Review of Financial Studies, Vol. 22, Issue 4, pp. 1377-1408, 2009
Posted: 23 Mar 2009
Clifford G. Holderness
Boston College - Department of Finance

Abstract:

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G32, G34

26.

Were the Good Old Days that Good?: Evolution of Corporate Ownership and Governance Since the Great Depression

Posted: 10 May 1998
Clifford G. Holderness, Randall S. Kroszner and Dennis P. Sheehan
Boston College - Department of Finance, Booth School of Business, University of Chicago and Pennsylvania State University

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27.

The Entity Concept and Corporations: Preserving the Alienability of Collective Property

Posted: 14 Mar 1997
Clifford G. Holderness
Boston College - Department of Finance

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