The Influence of Long-Term and Short-Term Institutional Investors on Complicated Mispricing of Stocks
Author
Source
Issue
Vol. 2020, Issue 2020 (31 Dec. 2020), pp.1-14, 14 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2020-11-10
Country of Publication
Egypt
No. of Pages
14
Main Subjects
Abstract EN
Taking Chinese listed companies from 2009 to 2017 as the research objects, this paper aims at exploring the heterogeneous effect of short-term and long-term institutional investors on stock mispricing.
The empirical study finds that long-term institutional investors have an inhibiting effect on stock mispricing, while short-term institutional investors have an opposite effect.
When the company information opacity is high, long-term institutional investors have a more obvious inhibiting effect on stock mispricing while short-term institutional investors have a more obvious promoting effect on stock mispricing.
When the attention of analysts is enhanced, long-term institutional investors further restrain the stock mispricing while short-term institutional investors further promote the stock mispricing.
American Psychological Association (APA)
Liu, Bing. 2020. The Influence of Long-Term and Short-Term Institutional Investors on Complicated Mispricing of Stocks. Complexity،Vol. 2020, no. 2020, pp.1-14.
https://search.emarefa.net/detail/BIM-1144753
Modern Language Association (MLA)
Liu, Bing. The Influence of Long-Term and Short-Term Institutional Investors on Complicated Mispricing of Stocks. Complexity No. 2020 (2020), pp.1-14.
https://search.emarefa.net/detail/BIM-1144753
American Medical Association (AMA)
Liu, Bing. The Influence of Long-Term and Short-Term Institutional Investors on Complicated Mispricing of Stocks. Complexity. 2020. Vol. 2020, no. 2020, pp.1-14.
https://search.emarefa.net/detail/BIM-1144753
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1144753