Valuation uncertainty, market sentiment and the informativeness of institutional trades

Valuation uncertainty, market sentiment and the informativeness of institutional trades

Prior studies indicate that institutional investors are informed, in the sense that their trades predict price changes. In this study we show that return predictive ability of institutions arises (after controlling for size, book-to-market, and momentum) mainly from institutional sales of hard-to-va...

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Bibliographic Details
Main Authors: YANG, Lisa, GOH, Jeremy, Chiyachantana, Chiraphol N.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
Valuation uncertainty
Market sentiment
Institutional trading
Corporate Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5088
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6087/viewcontent/ValuationUncertaintyMarketSentiment_2016.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/5088
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6087/viewcontent/ValuationUncertaintyMarketSentiment_2016.pdf

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