Agarwal, Vikas; Jiang, Wei; Tang, Yuehua; Yang, Baozhong - Institut für Finanzmarktforschung, Wirtschafts- und … - 2010
This paper studies the 'confidential holdings' of institutional investors, especially hedge funds, where the quarter-end equity holdings are disclosed with a significant delay through amendments to the Form 13F. Our evidence supports hiding private information as the dominant motive for hedge...