Object

Title: Institutional investors and stock price volatility: a literature review

Tytuł odmienny:

Inwestorzy instytucjonalni a zmienność cen akcji – przegląd literatury

Autor:

Blaszke, Ewa

Opis:

Financial Sciences. Nauki o Finansach, 2021, vol. 26, no. 2, s. 18-29

Abstrakt:

The purpose of this article is to provide an overview of some important literature on institutional investors. After several decades of study, no consensus has yet merged on whether institutional trading contributes to stock price volatility. There is also no clear answer to the question of whether the increase in volatility, if any, is due to herding behaviour among institutions. Despite the common perception that institutional managers follow each other into and out of the same securities and the strong theoretical foundations of herding, the results of empirical research on this matter are mixed. The article reviews the theoretical premises regarding the impact of institutions on stock prices and the most influential classic publications. The author also took into account the results of more recent studies, which focused not so much on herding behaviour but on the characteristics of institutional investors that could be considered important contributors to stock price volatility.

Wydawca:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Miejsce wydania:

Wrocław

Data wydania:

2021

Typ zasobu:

artykuł

Identyfikator zasobu:

doi:10.15611/fins.2021.2.02 ; oai:dbc.wroc.pl:116429

Język:

eng

Powiązania:

Financial Sciences. Nauki o Finansach, 2021, vol. 26, no. 2

Prawa:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Prawa dostępu:

Dla wszystkich zgodnie z licencją

Licencja:

CC BY-SA 4.0

Lokalizacja oryginału:

Uniwersytet Ekonomiczny we Wrocławiu

Tytuł publikacji grupowej:

Financial Sciences. Nauki o Finansach

Object collections:

Last modified:

Aug 2, 2022

In our library since:

Aug 2, 2022

Number of object content hits:

231

All available object's versions:

https://dbc.wroc.pl/publication/155385

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