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Institutional Investors and Information Acquisition: Implications for Asset Prices and Informational Efficiency
16 references·12 citing·40 second hop
Institutional Investors and Information Acquisition: Implications for Asset Prices and Informational Efficiency (2018)Institutional Investors and Information A…A Rational Theory of Mutual Funds' Attention Allocation (2016)A Rational Theory of Mutual F…Information Immobility and the Home Bias Puzzle (2009)Information Immobility and th…Information Acquisition and Under-Diversification (2009)Information Acquisition and U…Presidential Address: The Cost of Active Investing (2008)Presidential Address: The Cos…Participation Costs and the Sensitivity of Fund Flows to Past Performance (2007)Participation Costs and the S…Costly Search and Mutual Fund Flows (1998)Costly Search and Mutual Fund…Risk Taking by Mutual Funds as a Response to Incentives (1997)Risk Taking by Mutual Funds a…Risk Taking by Mutual Funds as a Response to Incentives (1995)Risk Taking by Mutual Funds a…Projection methods for solving aggregate growth models (1992)Projection methods for solvin…Nonexpected Utility in Macroeconomics (1990)Nonexpected Utility in Macroe…Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)Substitution, Risk Aversion, …Information Acquisition in a Noisy Rational Expectations Economy (1982)Information Acquisition in a …Information aggregation in a noisy rational expectations economy (1981)Information aggregation in a …On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Infor…On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Infor…Temporal Resolution of Uncertainty and Dynamic Choice Theory (1978)Temporal Resolution of Uncert…Passive Ownership and Price Informativeness (2024)Passive Ownership and Price I…Market Power and Price Informativeness (2024)Market Power and Price Inform…More Risk, More Information: How Passive Ownership Can Improve Informational Efficiency (2023)More Risk, More Information: …Institutional investors, heterogeneous benchmarks and the comovement of asset prices (2022)Institutional investors, hete…Common Fund Flows: Flow Hedging and Factor Pricing (2022)Common Fund Flows: Flow Hedgi…Skill Acquisition and Data Sales (2021)Skill Acquisition and Data Sa…Multi-asset Noisy Rational Expectations Equilibrium with Contingent Claims (2021)Multi-asset Noisy Rational Ex…Asset pricing with index investing (2021)Asset pricing with index inve…Active and Passive Investing: Understanding Samuelson’s Dictum (2021)Active and Passive Investing:…Funding Constraints and Informational Efficiency (2020)Funding Constraints and Infor…Sophisticated Investors and Market Efficiency: Evidence from a Natural Experiment (2018)Sophisticated Investors and M…Institutionalization, Delegation, and Asset Prices (2016)Institutionalization, Delegat…Asset Prices in an Exchange Economy (1978)Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)The Dual Theory of Choice under Risk (1987)Dynamic Asset Pricing Theory. (1993)Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles (2000)Investor Psychology and Asset Pricing (2001)An Intertemporal Capital Asset Pricing Model (1973)The equity premium: A puzzle (1985)The Equity Premium Puzzle and the Riskfree Rate Puzzle (1989)Unequal Societies: Income Distribution and the Social Contract (2000)Public Debt and Low Interest Rates (2019)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Expectations and the neutrality of money (1972)Noise (1986)Volume, Volatility, Price, and Profit When All Traders Are Above Average (1998)Is All That Talk Just Noise? The Information Content of Internet Stock Message Boards (2004)The effect of bonus schemes on accounting decisions (1985)Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)Managerial Incentive Problems: A Dynamic Perspective (1999)The Geography of Investment: Informed Trading and Asset Prices (2001)Mutual Fund Flows and Performance in Rational Markets (2004)Asset Fire Sales (and Purchases) in Equity Markets (2005)Utility Theory for Decision Making (1971)A Smooth Model of Decision Making under Ambiguity (2005)Expected Stock Returns and Variance Risk Premia (2009)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Risk, Return, and Equilibrium: Empirical Tests (1973)On Persistence in Mutual Fund Performance (1997)Herding and Feedback Trading by Institutional and Individual Investors (1999)Implications of rational inattention (2003)Don't Believe the Hype: Local Media Slant, Local Advertising, and Firm Value (2012)Geographic dispersion and stock returns (2012)Investor Attention and Stock Market Volatility (2014)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)Investor Psychology and Security Market Under‐ and Overreactions (1998)Mutual Fund Flows and Performance in Rational Markets (2002)Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization (2004)Has Financial Development Made the World Riskier? (2005)
this work references cited by second hop

References

  • 1980On the Impossibility of Informationally Efficient Markets5,122 cited
  • 1989Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework4,270 cited
  • 1980On the Impossibility of Informationally Efficient Markets3,640 cited
  • 1998Costly Search and Mutual Fund Flows3,217 cited
  • 1997Risk Taking by Mutual Funds as a Response to Incentives2,295 cited
  • 1978Temporal Resolution of Uncertainty and Dynamic Choice Theory1,822 cited
  • 1995Risk Taking by Mutual Funds as a Response to Incentives1,582 cited
  • 1981Information aggregation in a noisy rational expectations economy1,068 cited
  • 1990Nonexpected Utility in Macroeconomics986 cited
  • 2009Information Immobility and the Home Bias Puzzle876 cited
  • 2008Presidential Address: The Cost of Active Investing862 cited
  • 2009Information Acquisition and Under-Diversification663 cited
  • 1982Information Acquisition in a Noisy Rational Expectations Economy639 cited
  • 1992Projection methods for solving aggregate growth models614 cited
  • 2016A Rational Theory of Mutual Funds' Attention Allocation559 cited

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2007
Participation Costs and the Sensitivity of Fund Flows to Past Performance
559 cited

Cited by

  • 2022Institutional investors, heterogeneous benchmarks and the comovement of asset prices58 cited
  • 2023More Risk, More Information: How Passive Ownership Can Improve Informational Efficiency47 cited
  • 2021Active and Passive Investing: Understanding Samuelson’s Dictum46 cited
  • 2024Passive Ownership and Price Informativeness44 cited
  • 2022Common Fund Flows: Flow Hedging and Factor Pricing43 cited
  • 2018Sophisticated Investors and Market Efficiency: Evidence from a Natural Experiment42 cited
  • 2016Institutionalization, Delegation, and Asset Prices33 cited
  • 2021Multi-asset Noisy Rational Expectations Equilibrium with Contingent Claims32 cited
  • 2021Asset pricing with index investing30 cited
  • 2024Market Power and Price Informativeness30 cited
  • 2021Skill Acquisition and Data Sales26 cited
  • 2020Funding Constraints and Informational Efficiency24 cited