There is a strong inverse relation between insider trading and institutional demand the same
quarter and over the previous year. Our analysis suggests a combination of factors …

A growing literature evaluates the relation between lag returns and demand by institutional
investors. Given that lag returns and institutional ownership are directly observable, it is …

Several years ago, New York Attorney General Eliot Spitzer's revelations of widespread
analyst misconduct,'coupled with the dramatic collapse of the technology bubble in the stock …

The homogeneity of expectations and rationality of decisions in the neo-classical portfolio
theory imply the existence of an efficient market–meaning a market where assets' prices …

This study investigates the effectiveness of government intervention in rescuing bearish
markets in a transition economy. Focusing on a pre-and a post-intervention period, the …

本文对震荡市场下, 我国证券投资基金的市场稳定作用进行了分析. 从超额收益率,
超额换手率两个模型出发, 发现基金所起到的稳定性作用不同: 第一, 虽然基金的交易行为降低了 …

We find that opinion divergence among professional investment managers is commonplace,
using a large sample of transaction‐level institutional trading data. When managers trade …

This study begins by examining reallocation behavior in recent markets using aggregated
data on college and university endowments, and individual defined-contribution pensions …

Purpose–The purpose of this paper is to research and analyze the influence of institutional
investors in the present securities market due to behavior alienation with “running after rising …

The organization of time influences the structural possibilities for social action as well as the
cultural resources actors draw upon in social settings. In this paper, I use concepts …