search query: @author Dennis, P. J. / total: 1
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| Author: | Dennis, P. J. Strickland, D. |
| Title: | Who blinks in volatile markets, individuals or institutions? |
| Journal: | Journal of Finance
2002 : OCT, VOL. 57:5, p. 1923-1949 |
| Index terms: | Return on investment Turnover Share price volatility |
| Language: | eng |
| Abstract: | The authors investigate the relationship between the ownership structure and returns of firms on days when the absolute value of the market's return is two percent or more. The authors find that a firm's abnormal return on these days is related to the percentage of institutional ownership, that there is abnormally high turnover in the firm's shares on these days, and that this abnormal turnover is significantly related to the percentage of institutional ownership in the firm. |
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