Do institutional investors improve informational efficiency of stock prices
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This paper examines the effect of institutional investors on stock price informativeness. Using a comprehensive data set of firms listed on the Hochiminh Stock Exchange and the Hanoi Stock Exchange over the 2007 - 2017 period, we find that institutional ownership is negatively associated with stock price synchronicity, which is an inverse measure of stock price informativeness.
Nội dung trích xuất từ tài liệu:
Do institutional investors improve informational efficiency of stock prices
Nội dung trích xuất từ tài liệu:
Do institutional investors improve informational efficiency of stock prices
Tìm kiếm theo từ khóa liên quan:
Ho Chi Minh City Stock Exchange Hanoi Stock Exchange Institutional investors Stock price synchronicity Stock price informativeness Informational efficiencyTài liệu liên quan:
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