Matches in SemOpenAlex for { <https://semopenalex.org/work/W3124156675> ?p ?o ?g. }
- W3124156675 endingPage "341" @default.
- W3124156675 startingPage "316" @default.
- W3124156675 abstract "Abstract We study how sophisticated investors, when faced with shocks to information environment, change their information acquisition and trading behavior, and how these changes in turn affect market efficiency. We find that, after exogenous reductions of analyst coverage due to closures and mergers of brokerage firms, hedge funds scale up information acquisition, trade more aggressively, and earn higher abnormal returns on the affected stocks. The hedge fund participation also mitigates the impairment of market efficiency caused by coverage reductions. Overall, in a causal framework, our findings suggest a substitution effect between sophisticated investors and public information providers in facilitating market efficiency." @default.
- W3124156675 created "2021-02-01" @default.
- W3124156675 creator A5005696029 @default.
- W3124156675 creator A5061662391 @default.
- W3124156675 creator A5085462851 @default.
- W3124156675 date "2020-11-01" @default.
- W3124156675 modified "2023-10-12" @default.
- W3124156675 title "Sophisticated investors and market efficiency: Evidence from a natural experiment" @default.
- W3124156675 cites W1589971660 @default.
- W3124156675 cites W1663477751 @default.
- W3124156675 cites W1963815804 @default.
- W3124156675 cites W1965898788 @default.
- W3124156675 cites W1995834279 @default.
- W3124156675 cites W2002617706 @default.
- W3124156675 cites W2055958150 @default.
- W3124156675 cites W2062530631 @default.
- W3124156675 cites W2067814853 @default.
- W3124156675 cites W2090637028 @default.
- W3124156675 cites W2095768294 @default.
- W3124156675 cites W2095874031 @default.
- W3124156675 cites W2101833972 @default.
- W3124156675 cites W2104697841 @default.
- W3124156675 cites W2130659611 @default.
- W3124156675 cites W2135242030 @default.
- W3124156675 cites W2146756020 @default.
- W3124156675 cites W2167915877 @default.
- W3124156675 cites W2169143810 @default.
- W3124156675 cites W2169645335 @default.
- W3124156675 cites W2524334650 @default.
- W3124156675 cites W2584601941 @default.
- W3124156675 cites W2601609073 @default.
- W3124156675 cites W2710242558 @default.
- W3124156675 cites W2760723812 @default.
- W3124156675 cites W2788043825 @default.
- W3124156675 cites W2834155304 @default.
- W3124156675 cites W3023981796 @default.
- W3124156675 cites W3121183785 @default.
- W3124156675 cites W3121287044 @default.
- W3124156675 cites W3121315550 @default.
- W3124156675 cites W3121479022 @default.
- W3124156675 cites W3121518705 @default.
- W3124156675 cites W3121564888 @default.
- W3124156675 cites W3121634861 @default.
- W3124156675 cites W3121814340 @default.
- W3124156675 cites W3121883626 @default.
- W3124156675 cites W3122000986 @default.
- W3124156675 cites W3122551571 @default.
- W3124156675 cites W3122551880 @default.
- W3124156675 cites W3122719819 @default.
- W3124156675 cites W3122833861 @default.
- W3124156675 cites W3123041542 @default.
- W3124156675 cites W3123597007 @default.
- W3124156675 cites W3123598380 @default.
- W3124156675 cites W3123604205 @default.
- W3124156675 cites W3123713399 @default.
- W3124156675 cites W3124112640 @default.
- W3124156675 cites W3124253124 @default.
- W3124156675 cites W3124278937 @default.
- W3124156675 cites W3124533702 @default.
- W3124156675 cites W3124551975 @default.
- W3124156675 cites W3124625647 @default.
- W3124156675 cites W3124684802 @default.
- W3124156675 cites W3124738474 @default.
- W3124156675 cites W3124741388 @default.
- W3124156675 cites W3124786834 @default.
- W3124156675 cites W3125058002 @default.
- W3124156675 cites W3125334200 @default.
- W3124156675 cites W3125350408 @default.
- W3124156675 cites W3125496211 @default.
- W3124156675 cites W3125527873 @default.
- W3124156675 cites W3125562060 @default.
- W3124156675 cites W3125574887 @default.
- W3124156675 cites W3125677893 @default.
- W3124156675 cites W3126044242 @default.
- W3124156675 cites W4231546411 @default.
- W3124156675 cites W4240208207 @default.
- W3124156675 cites W3126024240 @default.
- W3124156675 doi "https://doi.org/10.1016/j.jfineco.2020.06.004" @default.
- W3124156675 hasPublicationYear "2020" @default.
- W3124156675 type Work @default.
- W3124156675 sameAs 3124156675 @default.
- W3124156675 citedByCount "70" @default.
- W3124156675 countsByYear W31241566752014 @default.
- W3124156675 countsByYear W31241566752016 @default.
- W3124156675 countsByYear W31241566752017 @default.
- W3124156675 countsByYear W31241566752018 @default.
- W3124156675 countsByYear W31241566752019 @default.
- W3124156675 countsByYear W31241566752020 @default.
- W3124156675 countsByYear W31241566752021 @default.
- W3124156675 countsByYear W31241566752022 @default.
- W3124156675 countsByYear W31241566752023 @default.
- W3124156675 crossrefType "journal-article" @default.
- W3124156675 hasAuthorship W3124156675A5005696029 @default.
- W3124156675 hasAuthorship W3124156675A5061662391 @default.
- W3124156675 hasAuthorship W3124156675A5085462851 @default.
- W3124156675 hasConcept C106159729 @default.
- W3124156675 hasConcept C142724271 @default.
- W3124156675 hasConcept C144133560 @default.