Avoiding Idiosyncratic Volatility: Flow Sensitivity to Individual Stock Returns
收藏NBER2023-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w31360
下载链接
链接失效反馈官方服务：
资源简介：
Despite positive and significant earnings announcement premia, we find that institutional investors reduce their exposure to stocks before earnings announcements. A novel result on the sensitivity of flows to individual stock returns provides a potential explanation. We show that extreme
提供机构：
美国国家经济研究局创建时间：
2023-06-01
