Coordinated Noise Trading: Evidence from Pension Fund Reallocations
收藏NBER2016-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22161
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资源简介：
We document a novel channel through which coordinated noise trading exerts externalities on financial markets dominated by institutional investors. We exploit a unique set of events where Chilean pension fund investors followed an influential financial advisory firm that recommended frequent
提供机构：
美国国家经济研究局
创建时间：
2016-04-01
