Article ID Journal Published Year Pages File Type
5089429 Journal of Banking & Finance 2013 20 Pages PDF
Abstract
► Institutional investors' investment relates negatively to information immobility. ► Industry concentration has declined over time consistent with declining search cost. ► Industry-concentrated portfolios outperform more diversified portfolios. ► Outperformance holds for both foreign and domestic institutional investors. ► Concentration especially helps investors with the easiest access to information.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
, , ,