How do institutional investors trade

• Main Authors: O'CONNELL, Paul G. J., TEO, Melvyn
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2004
• Subjects: Institutional investors; overconfidence; loss aversion; Corporate Finance; Finance and Financial Management; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/5225; https://ink.library.smu.edu.sg/context/lkcsb_research/article/6224/viewcontent/SSRN_id559414.pdf
• Institution: Singapore Management University

Using a novel and detailed custody trades dataset, this paper analyzes the trading behavior of institutions. Extant studies have examined the effects of past performance on trading by retail investors, day traders, and futures floor traders. Yet very little work has been done on institutions. We fin...