Wan, Die; Li, Yang; Yang, Xiaoguang - In: Journal of management science and engineering 9 (2024) 2, pp. 143-160
-rise being stronger than killing-fall leads to asymmetry of feedback trading. Our article investigates how mutual funds react to … when asymmetric feedback trading of the relevant stock gets more intense. This negative relationship is robust after … when stocks are allowed short-selling. Further results show that mutual funds' selling towards asymmetric feedback trading …