Institutional Investors and Information Asymmetry: An Event Study of Self-Tender Offers
| العنوان: | Institutional Investors and Information Asymmetry: An Event Study of Self-Tender Offers |
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| المؤلفون: | Judith Swisher, Michele O'Neill |
| المصدر: | The Financial Review. 38:197-211 |
| بيانات النشر: | Wiley, 2003. |
| سنة النشر: | 2003 |
| مصطلحات موضوعية: | Finance, Economics and Econometrics, Information asymmetry, business.industry, Control (management), Institutional investor, Event study, Sample (statistics), Monetary economics, Tender offer, business, Lower degree |
| الوصف: | Our research compares the asymmetric information costs of firms with low levels of institutional ownership to those with high levels. We use self-tender offers as an information event. Our results show that higher institutional ownership, particularly a higher number of institutional investors, is associated with a lower degree of informed trading. These results persist even after we control for differences in trading activity among our sample firms. |
| تدمد: | 1540-6288 0732-8516 |
| DOI: | 10.1111/1540-6288.00042 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_________::8ac5c7a12471a43a32be0783fa7afec6 https://doi.org/10.1111/1540-6288.00042 |
| Rights: | CLOSED |
| رقم الانضمام: | edsair.doi...........8ac5c7a12471a43a32be0783fa7afec6 |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 15406288 07328516 |
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| DOI: | 10.1111/1540-6288.00042 |