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