| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089770 | Journal of Banking & Finance | 2012 | 15 Pages |
Abstract
⺠Models stock price, institutional ownership and analyst following relationships. ⺠Shows that institutions attenuate pressure on firms to set lower share prices. ⺠Refutes causal relation between share price and institutional ownership. ⺠Explains observed cross-sectional variation in stock price levels. ⺠Sheds new light on observed links between share prices and firm fundamentals.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Chitru S. Fernando, Vladimir A. Gatchev, Paul A. Spindt,