haku: @author Lakonishok, J. / yhteensä: 32
viite: 6 / 32
| Tekijä: | Chan, L. Lakonishok, J. |
| Otsikko: | The behavior of stock prices around institutional trades |
| Lehti: | Journal of Finance
1995 : SEP, VOL. 50:4, p. 1147-1174 |
| Asiasana: | SHARE PRICES INSTITUTIONAL ECONOMICS TRADE |
| Kieli: | eng |
| Tiivistelmä: | All trades executed by 37 large investment management firms from July 1986 to December 1988 are used to study the price impact and execution cost of the entire sequence ("package") of trades that the authors interpret as an order. The authors find that market impact and trading cost are related to firm capitalization, relative package size, and, most importantly, to the identity of the management firm behind the trade. Money managers with high demands for immediacy tend to be associated with larger market impact. |
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