Informed trading and expected returns
Does information asymmetry affect the cross-section of expected stock returns? We explore this question using representative portfolio holdings data from the Shanghai Stock Exchange. We show that institutional investors have a strong information advantage, and that past aggressiveness of institution...
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| Hlavní autoři: | , , |
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| Médium: | Artigo |
| Jazyk: | Inglês |
| Vydáno: |
KeAi Communications Co., Ltd.
2025-12-01
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| Edice: | Journal of Finance and Data Science |
| Témata: | |
| On-line přístup: | http://www.sciencedirect.com/science/article/pii/S2405918825000261 |
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