Matches in SemOpenAlex for { <https://semopenalex.org/work/W1992685111> ?p ?o ?g. }
- W1992685111 abstract "A key assumption in many accounting and finance studies is that long horizon institutional investors are informed shareholders. Yet past empirical research finds no evidence that these institutions anticipate major corporate events, including earnings-based events. I find that long horizon institutions are better informed in that they sell more shares of impending bankrupt firms than of matched distress firms at least one quarter ahead of bankruptcy. Share sales are greater in impending bankrupt firms whose shareholders ultimately lose all of their equity. In additional analyses, I document greater share sales by long horizon institutions with supposedly superior information processing abilities and/or access to corporate management. Share sales are significantly less in the post Regulation FD era. Overall, my findings support the validity of the common assumption that long horizon institutions are informed. Regulation FD appears to mitigate (but not eliminate) their information advantage." @default.
- W1992685111 created "2016-06-24" @default.
- W1992685111 creator A5009287193 @default.
- W1992685111 date "2014-01-15" @default.
- W1992685111 modified "2023-09-28" @default.
- W1992685111 title "Evidence from Impending Bankrupt Firms that Long Horizon Institutional Investors are Informed About Future Firm Value" @default.
- W1992685111 cites W1507782914 @default.
- W1992685111 cites W1515124208 @default.
- W1992685111 cites W2069933866 @default.
- W1992685111 cites W2075051605 @default.
- W1992685111 cites W2080337796 @default.
- W1992685111 cites W2096683627 @default.
- W1992685111 cites W2098653283 @default.
- W1992685111 cites W2128486552 @default.
- W1992685111 cites W2134403983 @default.
- W1992685111 cites W2134687594 @default.
- W1992685111 cites W2145522614 @default.
- W1992685111 cites W2150610109 @default.
- W1992685111 cites W3121206078 @default.
- W1992685111 cites W3121231610 @default.
- W1992685111 cites W3122657115 @default.
- W1992685111 cites W3123423163 @default.
- W1992685111 hasPublicationYear "2014" @default.
- W1992685111 type Work @default.
- W1992685111 sameAs 1992685111 @default.
- W1992685111 citedByCount "0" @default.
- W1992685111 crossrefType "posted-content" @default.
- W1992685111 hasAuthorship W1992685111A5009287193 @default.
- W1992685111 hasConcept C10138342 @default.
- W1992685111 hasConcept C111472728 @default.
- W1992685111 hasConcept C119857082 @default.
- W1992685111 hasConcept C120757647 @default.
- W1992685111 hasConcept C121332964 @default.
- W1992685111 hasConcept C121955636 @default.
- W1992685111 hasConcept C1276947 @default.
- W1992685111 hasConcept C138885662 @default.
- W1992685111 hasConcept C144133560 @default.
- W1992685111 hasConcept C151730666 @default.
- W1992685111 hasConcept C159176650 @default.
- W1992685111 hasConcept C162324750 @default.
- W1992685111 hasConcept C166052673 @default.
- W1992685111 hasConcept C166957645 @default.
- W1992685111 hasConcept C17744445 @default.
- W1992685111 hasConcept C199539241 @default.
- W1992685111 hasConcept C199728807 @default.
- W1992685111 hasConcept C206757995 @default.
- W1992685111 hasConcept C2776291640 @default.
- W1992685111 hasConcept C2779093199 @default.
- W1992685111 hasConcept C2779343474 @default.
- W1992685111 hasConcept C2781426361 @default.
- W1992685111 hasConcept C28761237 @default.
- W1992685111 hasConcept C35138590 @default.
- W1992685111 hasConcept C39389867 @default.
- W1992685111 hasConcept C41008148 @default.
- W1992685111 hasConcept C504631918 @default.
- W1992685111 hasConcept C556758197 @default.
- W1992685111 hasConcept C85079727 @default.
- W1992685111 hasConcept C86803240 @default.
- W1992685111 hasConcept C95457728 @default.
- W1992685111 hasConceptScore W1992685111C10138342 @default.
- W1992685111 hasConceptScore W1992685111C111472728 @default.
- W1992685111 hasConceptScore W1992685111C119857082 @default.
- W1992685111 hasConceptScore W1992685111C120757647 @default.
- W1992685111 hasConceptScore W1992685111C121332964 @default.
- W1992685111 hasConceptScore W1992685111C121955636 @default.
- W1992685111 hasConceptScore W1992685111C1276947 @default.
- W1992685111 hasConceptScore W1992685111C138885662 @default.
- W1992685111 hasConceptScore W1992685111C144133560 @default.
- W1992685111 hasConceptScore W1992685111C151730666 @default.
- W1992685111 hasConceptScore W1992685111C159176650 @default.
- W1992685111 hasConceptScore W1992685111C162324750 @default.
- W1992685111 hasConceptScore W1992685111C166052673 @default.
- W1992685111 hasConceptScore W1992685111C166957645 @default.
- W1992685111 hasConceptScore W1992685111C17744445 @default.
- W1992685111 hasConceptScore W1992685111C199539241 @default.
- W1992685111 hasConceptScore W1992685111C199728807 @default.
- W1992685111 hasConceptScore W1992685111C206757995 @default.
- W1992685111 hasConceptScore W1992685111C2776291640 @default.
- W1992685111 hasConceptScore W1992685111C2779093199 @default.
- W1992685111 hasConceptScore W1992685111C2779343474 @default.
- W1992685111 hasConceptScore W1992685111C2781426361 @default.
- W1992685111 hasConceptScore W1992685111C28761237 @default.
- W1992685111 hasConceptScore W1992685111C35138590 @default.
- W1992685111 hasConceptScore W1992685111C39389867 @default.
- W1992685111 hasConceptScore W1992685111C41008148 @default.
- W1992685111 hasConceptScore W1992685111C504631918 @default.
- W1992685111 hasConceptScore W1992685111C556758197 @default.
- W1992685111 hasConceptScore W1992685111C85079727 @default.
- W1992685111 hasConceptScore W1992685111C86803240 @default.
- W1992685111 hasConceptScore W1992685111C95457728 @default.
- W1992685111 hasLocation W19926851111 @default.
- W1992685111 hasOpenAccess W1992685111 @default.
- W1992685111 hasPrimaryLocation W19926851111 @default.
- W1992685111 hasRelatedWork W1487448831 @default.
- W1992685111 hasRelatedWork W2023259162 @default.
- W1992685111 hasRelatedWork W2027303896 @default.
- W1992685111 hasRelatedWork W2052076670 @default.
- W1992685111 hasRelatedWork W235222802 @default.
- W1992685111 hasRelatedWork W2589218061 @default.
- W1992685111 hasRelatedWork W2590500427 @default.