Institutional investors and the informational efficiency of prices

Institutional investors and the informational efficiency of prices

Using a broad panel of NYSE-listed stocks between 1983 and 2004, we study the relation between institutional shareholdings and the relative informational efficiency of prices, measured as deviations from a random walk. Stocks with greater institutional ownership are priced more efficiently, and we s...

Full description

Saved in:
Bibliographic Details
Main Authors: BOEHMER, Ekkehart, Kelley, Eric K.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2009
Subjects:
market efficiency
institutional investors
institutional trading
market quality
Corporate Finance
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/4689
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5688/viewcontent/Informational_efficiency_of_prices_av.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/4689
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5688/viewcontent/Informational_efficiency_of_prices_av.pdf

Similar Items