What Does Stock Ownership Breadth Measure?
收藏NBER2010-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16591
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资源简介：
Using holdings data on a representative sample of all Shanghai Stock Exchange investors, we show that increases in ownership breadth (the fraction of market participants who own a stock) predict low returns: highest change quintile stocks underperform lowest quintile stocks by 23% per year. Small
提供机构：
美国国家经济研究局
创建时间：
2010-12-01
