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Do Institutional Investors Destabilize Stock Prices? Evidence on Herding and Feedback Trading

Lakonishok, Josef - 1991

evaluate the potential effect of their trading on stock prices. We address two aspects of trading by money managers: herding … of substantial herding or positive-feedback trading by pension fund managers, except in small stocks. Also, there is no …

Persistent link: https://www.econbiz.de/10012475147

Investor sentiment and the closed-end fund puzzle

Lee, Charles M. C.; Shleifer, Andrei; Thaler, Richard H. - 1990

Persistent link: https://www.econbiz.de/10000800334

Extrapolation and bubbles

Barberis, Nicholas; Greenwood, Robin; Jin, Lawrence; … - In: Journal of financial economics 129 (2018) 2, pp. 203-227

Persistent link: https://www.econbiz.de/10011982207

Expectations of returns and expected returns

Greenwood, Robin; Shleifer, Andrei - 2013

Persistent link: https://www.econbiz.de/10009710609

Expectations of returns and expected returns

Greenwood, Robin; Shleifer, Andrei - In: The review of financial studies 27 (2014) 3, pp. 714-746

Persistent link: https://www.econbiz.de/10010357860

Investor Sentiment and the Closed-End Fund Puzzle

Lee, Charles - 1990

This paper examines the proposition that fluctuations in discounts on closed end funds are driven by changes in individual investor sentiment toward closed end funds and other securities. The theory implies that discounts on various funds must move together, that new funds get started when...

Persistent link: https://www.econbiz.de/10012475562