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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Main Authors: | BERNILE, Gennaro, Kumar, Alok, Sulaeman, Johan |
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格式: | text |
語言: | English |
出版: |
Institutional Knowledge at Singapore Management University
2014
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在線閱讀: | 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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機構: | Singapore Management University |
語言: | English |
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