471
Views
13
CrossRef citations to date
0
Altmetric
Original Articles

Are individual investors less informed than institutional investors? Unique evidence from investor trading behaviours around bad mergers in Korean financial market

&
Pages 1145-1149 | Published online: 03 Jun 2013

References

  • Amihud , Y. and Li , K. 2006 . The declining information content of dividend announcements and the effects of institutional holdings . Journal of Financial and Quantitative Analysis , 41 : 637 – 60 .
  • Barber , B. M. and Odean , T. 2000 . Trading is hazardous to your wealth: the common stock investment performance of individual investors . Journal of Finance , 55 : 773 – 806 .
  • Campbell , J. Y. , Ramadorai , T. and Schwartz , A. 2009 . Caught on tape: institutional trading, stock returns, and earnings announcements . Journal of Financial Economics , 92 : 66 – 91 .
  • Chen , X. , Harford , J. and Li , K. 2007 . Monitoring: which institutions matter? . Journal of Financial Economics , 86 : 279 – 305 .
  • Choi , N. Y. and Sias , R. W. 2012 . Why does financial strength forecast stock returns? Evidence from subsequent demand by institutional investors . Review of Financial Studies , 25 : 1550 – 87 .
  • Cohen , R. B. , Gompers , P. A. and Vuolteenaho , T. 2002 . Who underreacts to cash-flow news? Evidence from trading between individuals and institutions . Journal of Financial Economics , 66 : 409 – 62 .
  • Field , L. C. and Lowry , M. 2009 . Institutional versus individual investment in IPOs: the importance of firm fundamentals . Journal of Financial and Quantitative Analysis , 44 : 489 – 516 .
  • Gibson , S. , Safieddine , A. and Sonti , R. 2004 . Smart investments by smart money: evidence from seasoned equity offerings . Journal of Financial Economics , 72 : 581 – 604 .
  • Grinblatt , M. and Keloharju , M. 2000 . The investment behavior and performance of various investor types: a study of Finland's unique data set . Journal of Financial Economics , 55 : 43 – 67 .
  • Kim , O. and Verrecchia , R. E. 1991 . Market reaction to anticipated announcements . Journal of Financial Economics , 30 : 273 – 310 .
  • Lang , M. and Lundholm , R. 1993 . Cross-sectional determinants of analysts ratings of corporate disclosures . Journal of Accounting Research , 31 : 246 – 71 .
  • Nofsinger , J. R. and Sias , R. W. 1999 . Herding and feedback trading by institutional and individual investors . Journal of Finance , 54 : 2263 – 95 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.