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| Tekijä: | Chakravarty, S. |
| Otsikko: | Stealth-trading: which traders' trades move stock prices? |
| Lehti: | Journal of Financial Economics
2001 : JUL, VOL. 61:1, p. 289-307 |
| Asiasana: | INSTITUTIONS SHARE PRICES TRADING |
| Kieli: | eng |
| Tiivistelmä: | Using audit trail data for a sample of NYSE firms the author shows that medium-size trades are associated with disproportionately large cumulative stock price change relative to their proportion of all trades and volume. This result is consistent with the predictions of Barclay and Warner's (1993) stealth-trading hypotheses. The author finds that the source of this disproportionately large cumulative price impact of medium-size trades is trades initiated by institutions. |
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