Are Institutional Investors Really Skilled or Merely Opportunistic?
Using a large dataset of institutional trades, we examine whether superior intraquarter trading performance of institutional investors reflects superior trading skill or opportunistic access to information. Our conjecture is that true investment skill would not depend upon geographical proximity bet...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2014
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/4477 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2291690 |
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| Institution: | Singapore Management University |
| Language: | English |