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Showing 1 to 2 of 2 for “"passive institutional investors"”.

  1. Passive Institutional Ownership, Firm Disclosure, and Post-earnings Announcement Drift

    … introduction. Chapter two examines the impact of passive institutional ownership on firm disclosure. Passive institutional investors favor more information to minimize monitoring and trading costs. However, passive institutions' diverse holdings make it costly to collect individual firms' private …

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  2. Three essays on mispricing and market efficiency

    … find no evidence supporting a direct impact from passive trading or any effect through liquidity. The second essay investigates the effect of price inefficiency on idiosyncratic risk and stock returns. I finds that price inefficiency in individual stocks contributes to expected idiosyncratic …

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