Sociability, golf courses, and the performance of institutional investors

• Main Authors: WEI, Chi Shen, ZHANG, Lei
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2016
• 主題: Sociability; Social Connections; Institutional Investors; Golf; Corporate Finance; Finance and Financial Management
• 在線閱讀: https://ink.library.smu.edu.sg/lkcsb_research/6225; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7224/viewcontent/SSRN_id2638577__1_.pdf

We hypothesize that prestigious golf courses attract golfers and visitors from across the country, providing greater opportunities for nearby investors to build social connections. Our evidence suggests that institutional investors located near prestigious golf courses earn significantly better benc...