Leveling the Playing Field: Financial Regulation and Disappearing Local Bias of Institutional Investors

This study examines how changes in firms’ information environment affect local agents. We show that local bias and informational advantage of institutional investors and equity analysts located around corporate headquarters decline sharply following the adoption of Regulation Fair Disclosure and Sar...

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Bibliographic Details
Main Authors: BERNILE, Gennaro, Kumar, Alok, Sulaeman, Johan
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2014
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/4525
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5524/viewcontent/levelingtheplayingfield.pdf
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Institution: Singapore Management University
Language: English

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