When Does a Mutual Fund's Trade Reveal its Skill?
收藏NBER2007-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13625
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We conjecture that a mutual fund manager with superior stock selection ability is more likely to benefit from trading in stocks affected by information-events. Taking the probability of informed trading (PIN, Easley, Kiefer, O'Hara, and Paperman, 1996) to measure the amount of informed trading in a
我们提出如下猜想：具备卓越选股能力的共同基金经理，更有可能从受信息事件影响的股票交易中获益。本文采用知情交易概率（Probability of Informed Trading，PIN，Easley、Kiefer、O'Hara与Paperman，1996）来衡量某一市场中的知情交易规模，
提供机构：
美国国家经济研究局
创建时间：
2007-11-01
