The Effect of Concentrated Institutional Portfolio on Stock Returns

• المؤلف الرئيسي: ZHANG, Hao li
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2009
• الموضوعات: fund portfolios; stock price; diversifying behavior; fund performance measures; institutional investors; Finance and Financial Management; Portfolio and Security Analysis
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/etd_coll/42; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1041&context=etd_coll

This paper examines whether stock return is related to the extent of portfolio concentration on the part of institutional fund managers. There is evidence that large firms are preferred for both concentrated and well-diversified funds. Also, a trading strategy based on concentrated ownership generat...