Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061372 | Economics Letters | 2010 | 4 Pages |
Abstract
We extend the EKOP model and estimate the probability of informed trading of institutions (SPIN) and individuals (DPIN) respectively. Using a unique dataset of Chinese stock market, we confirm that institutions are better informed by documenting a significantly higher SPIN.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jinghan Cai, Jia He, Jibao He,